FAB Revises Dubai Islamic Bank Price Target After Q2 Net Profit Beat

06:54 AM EDT, 07/16/2026 (MT Newswires) -- FAB Securities updated its price target for Dubai Islamic Bank (DFM:DIB) as it took note of the lender's second-quarter financial statements. "We maintain our BUY rating on DIB with a revised target price of AED 9.20. DIB reported broadly stable profitability in 2Q26, with net profit declining marginally by 0.1% YOY, while continuing to deliver solid balance sheet growth. Net financing increased 18.4% YOY and 3.8% QOQ to AED 281.0 Bn in 2Q26, reflecting sustained financing momentum across the Bank's core business segments," FAB said in a first look note on Thursday. Dubai Islamic Bank logged a decrease in its second-quarter net profit to 1.86 billion Emirati dirhams, surpassing FAB's estimate of 1.45 billion dirhams. The decline was attributed primarily to higher funded and operating expenses, as well as tax charges. According to the research firm's website, the stock's price target stood at 10.50 dirhams as of Feb. 13.