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United Securities Reiterates Buy Rating on Dubai Islamic Bank After Q3 Results
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06:26 AM EDT, 10/26/2026 (MT Newswires) -- United Securities LLC maintained its rating on Dubai Islamic Bank (DFM:DIB) as it took note of the lender's third-quarter financial results. The United Arab Emirates-based bank logged a 4% annual decline in reported net income, but was 9% higher than United Securities' estimates, according to a Sunday note. Operating income declined 6.5% year over year, missing the research firm's forecast by 10% amid lower net interest and non-interest income. "DIB delivered mixed results, with weaker-than-expected operating income but net income coming 9% above our estimates. Management reaffirmed its growth guidance, while continuing to rebalance its asset mix in favour of financing. We maintain our BUY recommendation and target price of AED 8.50/share. The stock currently trades at 7.7x FY27E P/E and 1.0x FY27E P/B, while offering an attractive dividend yield of approximately 5.3%," analysts wrote.
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