The bank operates a wide-spread network of branches providing its robust customer base of over 150,000 customers with a range of financial services, powered by strong infrastructure, technology-led solutions, and highly skilled personnel, positioning it as one of the leaders in the Qatari market. In 2024, Fitch upgraded Dukhan Bank's Long-Term Issuer Default Rating from 'A-' to 'A' with a 'stable' outlook, and the bank ranks 4th in Qatar, and 23rd in the Middle East on Forbes Middle East's 30 Most Valuable Banks 2024 List.
Cyborg Score Rationale
Dukhan Bank achieved another record annual profit of QAR 1.41 billion for FY 2025, reflecting a 5% annual growth. Strong financial performance, robust liquidity, upgrading credit ratings, and consistent digital innovation demonstrate solid operational excellence and market position.
Top Insights
FY 2025 net profit reached record QAR 1.41 billion, up 5% year-over-year, demonstrating sustained earnings growth momentum.
Total assets recorded at QAR 114.2 billion as of 30 June 2024.
Successfully issued USD 800 million 5-year senior unsecured Sukuk – the largest issue size achieved by a Qatari Islamic bank since 2020.
The company operates in four segments: Wholesale Banking; Retail and Private Banking; Treasury and Investments Division; and Subsidiaries.
Named Competitors
Doha Bank — Leading Qatari conventional and Islamic banking services
Qatar Islamic Bank — Major Islamic banking player in Qatar
Islamic Bank of Qatar — Sharia-compliant banking and financial services
Recent Developments
(January 2025) Record net profit of QAR 1.34 billion for FY 2024, 3% growth year-over-year
(January 2025) Fitch ratings reaffirmed 'A' rating with stable outlook
(February 2023) Listed on Qatar Stock Exchange main market under ticker DUBK
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