How to invest in Emirates NBD shares
Purchasing ENBD stock on the DFM
Emirates NBD (ENBD) is listed on the Dubai Financial Market (DFM) under the ticker symbol ENBD. To invest in ENBD shares, follow these steps:
Select a DFM-licensed broker: Choose from brokers such as Emirates NBD Securities, ADCB Securities, or international platforms that offer access to the DFM.
Obtain a National Investor Number (NIN): Required for trading on the DFM; your chosen broker can assist with the application process.
Complete the account setup: Provide necessary identification and address verification documents as per your broker's requirements.
Fund your trading account: Transfer funds in AED or other accepted currencies to your brokerage account.
Purchase ENBD shares: Use your broker's trading platform to search for ENBD (ticker: ENBD) and place your buy order.
Understanding ENBD's market position
Emirates NBD is a prominent banking group in the MENAT region, with operations spanning the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia, and Bahrain. The group employs over 30,000 people, representing more than 90 nationalities, making it one of the largest and most culturally diversified employers in the UAE. As of December 31, 2024, total assets were AED 997 billion (approximately USD 271 billion). The acquisition of DenizBank represents a significant milestone for Emirates NBD, expanding its presence to 13 countries and serving over 9 million active customers. The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of its branches. Additionally, the group operates Liv, powered by Emirates NBD, the first and largest digital offering in the UAE, targeting Generation Now (Gen Now). With more than half a million users, it continues to be the fastest-growing bank in the region.
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Is investing in ENBD stock straightforward?
Yes—accessible via the DFM
Investing in ENBD is straightforward for both UAE residents and international investors. Once your brokerage account is set up and funded, you can trade ENBD shares during DFM trading hours. ENBD's listing on the DFM ensures transparency and regulatory oversight.
Financial performance: In 2024, Emirates NBD reported a record AED 27.1 billion profit before tax, up 15% from the previous year, while the profit after tax reached AED 23 billion, up 7%. The Board of Directors proposed a 100 fils dividend per share.
Dividend policy: The proposed 100 fils dividend per share reflects the bank's commitment to returning value to investors.
Market capitalization: As of December 31, 2024, total assets were AED 997 billion (approximately USD 271 billion).
Key considerations for ENBD investors
Market performance: Regularly review ENBD's financial statements and market performance to make informed investment decisions.
Regulatory environment: Stay updated on any regulatory changes in the UAE banking sector that could impact ENBD's operations and profitability.
Economic factors: Consider the overall economic conditions in the UAE and the MENAT region, as they can influence the banking sector's performance and, consequently, ENBD's financial health.
By considering these factors, investors can better assess ENBD's potential as a long-term investment in the UAE's banking sector.
Emirates NBD (DFM: ENBD) is a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, offering a wide range of financial services. Established in 1963 as the National Bank of Dubai, it merged with Emirates Bank International in 2007 to form Emirates NBD. This guide outlines the steps to purchase ENBD shares on the Dubai Financial Market (DFM), understand its dividend policy, and evaluate its recent financial performance.