Latest news with #BinghattiHolding
Al Etihad
08-07-2025
- Business
- Al Etihad
ADIB a star performer among Middle East and Africa banks in Q2 2025: S&P Global Market Intelligence
8 July 2025 10:40 REDDY (ABU DHABI)The UAE banks recorded some of the highest quarter-on-quarter market capitalisation gains in the Middle East and Africa during the second quarter of 2025, according to the latest data released by S&P Global Market Dhabi Islamic Bank (ADIB) led the UAE banks with a 34% surge in market capitalisation to $21.26 billion, pushing the bank three places up in the regional top 20 rankings. The strong performance coincides with a series of strategic initiatives, including a partnership with Binghatti Holding to offer Sharia-compliant financing solutions for home buyers and the launch of the UAE's first fractional sukuk investment platform. The digital platform enables participation in sukuk with as little as $1,000—far below the conventional minimum of $200, also reported an 18% year-on-year increase in first-quarter net profit, reaching Dh1.9 billion, supported by a robust balance sheet, growing business momentum, and sustained customer acquisition. The bank delivered a return on average equity of 23.5% in 2024, along with a net interest margin of 3.88% and an efficiency ratio of 29.58%.Other UAE-based lenders in S&P's top 20 list — First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial Bank (ADCB), and Dubai Islamic Bank (DIB) — also posted double-digit growth in their respective market values during the quarter. S&P Global Ratings attributed the strong performance to the UAE government's economic and social reforms, which have helped reduce credit risks and improve the operating environment for banks. The data reinforces the growing strength and resilience of the UAE's banking sector as it capitalises on digital innovation, regulatory support, and sustained economic reforms. As of the end of June 2025, UAE banks continue to rank among the most valuable institutions in the Middle East and Africa.
Khaleej Times
07-07-2025
- Business
- Khaleej Times
Led by ADIB, UAE banks surge ahead with region's fastest market cap growth
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the second quarter of 2025, according to S&P Global Market Intelligence. Riding a wave of economic resilience, regulatory support, and strategic innovation, the sector is emerging as a beacon of strength and stability in an otherwise mixed regional banking landscape. Leading this remarkable performance is Abu Dhabi Islamic Bank (ADIB), which posted a 34 per cent surge in market value to reach $21.26 billion by the end of June. This leap pushed ADIB three spots higher in S&P's ranking of 20 regional banks, underlining its growing investor appeal and operational robustness. The bank's strong performance was driven by a string of innovative initiatives, including a partnership with Binghatti Holding to offer Shariah-compliant real estate finance and the launch of the UAE's first fractional sukuk investment platform, allowing retail participation with as little as $1,000 — significantly lowering the traditional entry barrier of $200,000. ADIB's fundamentals remain equally compelling. The bank reported an 18 per cent year-on-year increase in net profit for the first quarter to Dh1.9 billion, powered by sustained customer growth, a solid balance sheet, and growing business momentum. Its return on average equity stood at 23.5 per cent in 2024, making it the second-best performing lender in the region. With a net interest margin of 3.88 per cent and an efficiency ratio of 29.58 per cent, ADIB continues to outperform peers in both profitability and cost management. Other major Emirati banks also posted impressive gains in market value. First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, and Dubai Islamic Bank each reported double-digit growth in the second quarter. S&P attributed this collective uptrend to the UAE government's broad-based economic and social reforms, which have contributed to a reduction in credit risk and improved investor confidence. These reforms include financial market liberalisation, strategic investment in digital infrastructure, and a renewed push for economic diversification beyond oil. The UAE banking system's strong capital buffers and robust regulatory framework have positioned it well to weather external headwinds, including geopolitical tensions and fluctuations in oil prices. The Central Bank of the UAE recently reported that sector-wide capital adequacy stood at 17.8 per cent as of March 2025, comfortably above Basel III requirements, while the non-performing loan ratio declined to 5.1 per cent from 5.6 per cent a year earlier. S&P also noted that Israeli banks recorded strong second-quarter gains, despite geopolitical uncertainty linked to tensions with Iran. Mizrahi Tefahot Bank posted a market cap increase of 31.9 per cent to $16.89 billion, making its debut in the top-20 list. Bank Leumi and Bank Hapoalim followed closely, with respective gains of 25.2 per cent and 28.5 per cent. All three reported higher net profits in the first quarter, supported by sustained government backing, low non-performing loans, and stable asset quality. The Israeli banking sector achieved a near-record return on equity of about 15 per cent, according to S&P Ratings. In contrast, Saudi Arabia's banking giants saw a sharp reversal in fortunes. Despite Al Rajhi Bank and Saudi National Bank holding onto their top two spots in terms of market value — at $100.89 billion and $57.27 billion respectively — several other lenders in the Kingdom posted significant declines. Riyad Bank tumbled five places in the ranking following a 12.8 per cent drop in market cap, the steepest fall among the 20 banks surveyed. Alinma Bank and Saudi Awwal Bank also lost ground, shedding 12.6 per cent and 10.1 per cent respectively. Analysts attribute this underperformance to investor concerns over slowing credit demand, weaker quarterly earnings, and potential impacts from prolonged oil price volatility. Despite these divergent trends, the collective market capitalisation of the sampled banks reached $643.48 billion by the end of June 2025, underscoring the scale and dynamism of the region's financial institutions. Financial analysts said the outlook for UAE banks remains upbeat. The International Monetary Fund, in its latest Article IV consultation, projected the UAE's non-oil GDP to grow by over 5 per cent in 2025, with the banking sector playing a pivotal role in funding new ventures, green energy projects, and digital transformation. Fitch Ratings recently affirmed a stable outlook for the UAE's banking sector, highlighting ample liquidity, strong capitalisation, and an improving operating environment as key strengths.
Zawya
04-07-2025
- Business
- Zawya
Binghatti partners with Dubai Land Department and the Dubai Department of Economy and Tourism to prioritise access for First-Time Home Buyers
Binghatti to allocate 10% of newly launched and existing units under AED 5 million to first-time buy ers The Company is also offering a wide range of discounts and incentives to eligible participants Dubai, UAE: Binghatti Holding Ltd ('Binghatti Holding'), one of the UAE's leading luxury real estate developers, will participate in the newly launched First-Time Home Buyer (FTHB) Programme, a strategic initiative launched by Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) to enable Emiratis and UAE expats to become homeowners for the first time in 2025. As one of 13 leading property developers selected to support the FTHB Programme, Binghatti will allocate a minimum of 10% of its newly launched and existing residential units, priced under AED 5 million, exclusively for first-time buyers, underscoring the company's commitment to enhancing accessibility to homeownership for residents across all income levels and reinforcing Dubai's vision of inclusive and sustainable urban development. To ensure early access for eligible participants, the units Binghatti will allocate to the FTHB Programme will be made available ahead of public launches. In addition to prioritised access, Binghatti will offer exclusive discounts on selected properties to first-time buyers, with enhanced incentives tailored for Emiratis and expats, as well as discounted administrative service fees. Katralnada BinGhatti, CEO of Binghatti Holding Ltd., commented: 'We are honoured to be part of Dubai Land Department and the Dubai Department of Economy and Tourism's visionary initiative, one that aligns perfectly with our mission to expand real estate ownership in Dubai. The financial benefits that Binghatti is offering eligible first-time home buyers under the First-Time Home Buyer Programme are designed to make the dream of owning a home in Dubai more attainable for a broader segment of the population. By prioritising first-time buyers, we are not only contributing to the growth of the real estate sector and supporting the Dubai Economic Agenda, D33, ambition of reaching AED 1 trillion in real estate transactions, but also helping to build stronger, more sustainable communities.' The FTHB Programme comes at a pivotal time for Dubai's real estate market. In the first quarter of 2025, the Dubai Land Department reported a 29% year-on-year increase in total transaction value, reaching AED 114 billion. The volume of property sales grew by 23%, with a notable 65% surge in villa and townhouse transactions, reflecting a growing shift from renting to owning. The programme is open to all UAE residents, both nationals and expatriates, who are residents of the UAE and are purchasing their first freehold residential property under AED 5 million. Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli. In May, Binghatti launched 'Aquarise Residences by Binghatti' in Business Bay in Dubai, featuring over 1,500 units spread across 232,300 square feet. The company also announced in May that it had acquired freehold land with over 8 million square feet of gross floor area, with an anticipated total development value of over AED 25 billion. The land is in Nad Al Sheba 1, in the heart of Dubai's sought-after Meydan district, and is set to be used for what would be the company's first large-scale master-planned residential community in the Emirate. About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED 50 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,600 residential units over the past 18 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai.
Gulf Business
16-06-2025
- Business
- Gulf Business
Dubai's Binghatti launches DIFC-based Shariah-compliant asset management firm
Image: Binghatti Holding UAE's based luxury real estate developer The new entity plans to manage approximately $1bn in Shariah-compliant private credit and real estate strategies. Binghatti Capital has received authorisation from the Dubai Financial Services Authority (DFSA), the independent regulator for financial services conducted in or from DIFC. The firm is licensed to work exclusively with professional clients. As part of its real estate strategy, Binghatti Capital will implement separate mandates covering the acquisition and sale of off-plan residential properties, as well as the development and sale of residential projects. Its private credit platform will offer supply chain financing solutions to construction companies, property management entities, and key sector suppliers. In addition to private funds, Binghatti Capital will offer discretionary and non-discretionary portfolio mandates, providing tailored investment solutions to meet the specific objectives of professional clients. Read: Move to deepen Binghatti Holding's investment footprint Katralnada Binghatti, Executive Director of Binghatti Capital, said: 'The creation of an asset management arm represents a strategic move to deepen Binghatti Holding's investment footprint and enhance access to alternative capital. 'We believe that Binghatti Capital's offerings are one of a kind, underscoring our long-term vision to expand into high-value, income-generating investments that deliver sustainable growth. Through our new Shariah-compliant private investment strategies, we are not only reinforcing our position in the UAE's real estate sector but are supporting Dubai's efforts to become one of the world's leading foreign investment destinations.' Shehzad Janab, SEO of Binghatti Capital, added: 'Binghatti Capital represents a strategic extension of Binghatti Holding's capabilities, designed to accelerate growth and strengthen resilience, ensuring sustained success through all market conditions. Our inaugural suite of what we believe are unique strategies represents a thoughtful, well-structured approach to real estate investing, providing access to opportunities that are typically reserved for large institutions. 'Through disciplined governance, active management, and a strong Shariah-compliant foundation, we aim to deliver compelling returns while diversifying our source of capital for Binghatti Group's future developments.' Salmaan Jaffrey, chief business development officer at DIFC Authority, said: 'We are delighted to welcome Binghatti Capital to DIFC, the region's largest financial centre and home to more than 46,000 professionals. 'Binghatti Capital's presence will further strengthen Dubai's financial ecosystem and reinforce DIFC's position as the leading hub for asset management in the region. With over 400 wealth and asset management firms, DIFC continues to be the preferred destination for asset management companies seeking growth and opportunity in the region.'
Arabian Business
16-06-2025
- Business
- Arabian Business
UAE real estate giant Binghatti Holding launches $1bn asset management arm in Dubai
UAE real estate developer Binghatti Holding Ltd has launched Binghatti Capital Limited, an asset management firm based in the Dubai International Financial Centre (DIFC) that plans to manage approximately $1 billion in Shariah-compliant private credit and real estate strategies. The Dubai Financial Services Authority (DFSA) has authorised Binghatti Capital to operate in DIFC, the financial centre serving the Middle East, Africa and Southeast Asia region. The firm holds a licence to engage exclusively with professional clients. 'The creation of an asset management arm represents a strategic move to deepen Binghatti Holding's investment footprint and enhance access to alternative capital. We believe that Binghatti Capital's offerings are one of a kind, underscoring our long-term vision to expand into high-value, income-generating investments that deliver sustainable growth. Through our new Shariah-compliant private investment strategies, we are not only reinforcing our position in the UAE's real estate sector but are supporting Dubai's efforts to become one of the world's leading foreign investment destinations,' Katralnada Binghatti, Executive Director of Binghatti Capital said. Binghatti creates DIFC-based asset management firm Binghatti Capital will implement separate mandates within its real estate strategy, covering the acquisition and sale of off-plan residential properties alongside the acquisition, development and sale of residential projects. The firm's private credit solutions will focus on supply chain financing within the real estate sector, providing financing to construction firms, property management entities and suppliers. 'Binghatti Capital represents a strategic extension of Binghatti Holding's capabilities, designed to accelerate growth and strengthen resilience, ensuring sustained success through all market conditions. Our inaugural suite of what we believe are unique strategies represents a thoughtful, well-structured approach to real estate investing, providing access to opportunities that are typically reserved for large institutions. Through disciplined governance, active management, and a strong Shariah-compliant foundation, we aim to deliver compelling returns while diversifying our source of capital for Binghatti Group's future developments,' Shehzad Janab, SEO of Binghatti Capital added. Beyond private funds, Binghatti Capital will offer tailored discretionary and non-discretionary portfolio mandates to provide professional clients with solutions designed to meet specific investment objectives. 'We are delighted to welcome Binghatti Capital to DIFC, the region's largest financial centre and home to more than 46,000 professionals. Binghatti Capital's presence will further strengthen Dubai's financial ecosystem and reinforce DIFC's position as the leading hub for asset management in the region. With over 400 wealth and asset management firms, DIFC continues to be the preferred destination for asset management companies seeking growth and opportunity in the region,' Salmaan Jaffrey, Chief Business Development Officer at DIFC Authority explained. DIFC serves as the independent regulator for financial services conducted in or from the centre, which positions itself as the region's primary financial hub.
