“On behalf of the Board of Directors, I am pleased to present the Annual Report for the financial year ended 31 December 2022 of Finance House P.J.S.C and its subsidiaries (FH Group).”

Overall economic activity in the UAE picked-up momentum in 2022 due to higher oil prices and supportive government policies. FH Group continued to focus its energies on strengthening Capital Ratios, shoring-up Liquidity buffers, improving asset quality and leveraging cloud technology for improved operational efficiencies.

For the year ended 31 December 2022, the FH Group has posted a Consolidated Net Profit of AED 20.79 million, compared to AED 22.76 million registered in the previous financial year ended 31 December 2021.

In line with continued albeit gradual improvements in private sector operating conditions across the UAE, we fine-tune our strategies and strategy execution capabilities on a regular basis to take advantage of improving market conditions. We remain confident that we will continue to spot and exploit profitable opportunities, adapt quickly to changing market conditions, manage risks prudently and maximize returns for our shareholders.


Mohammed Abdulla Jumaa Alqubaisi

Vice Chairman

Read more

Watch video

Play video

To serve and service all our stakeholders
by offering exceptional financial
experience, delivered through a dedicated
team of professionals.












  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022

Key Achievements in 2022

I summarize below the key achievements for the year 2022, which made it an outstanding accomplishment for the group:

  • Finance House and Khalifa Fund for Enterprise Development’ partnered to facilitate access to financing services for SMEs owned by UAE nationals and encourage entrepreneurship in the UAE. The agreement will also position Khalifa Fund and Finance House as significant contributors to Abu Dhabi’s SME Development Vision.
  • Finance House has partnered with GCC Exchange, the fast-growing money transfer and foreign exchange Company in the Emirates, to offer a world-class WPS Payroll Solution. This partnership is in line with the UAE government’s initiative to create a fair work environment that supports the workers’ rights, protects their wages, and helps attract the best professional profiles.
  • Finance House has signed a first-of-a-kind agreement with Global Software Solutions Group, a UAE-founded software solutions organization, to offer real-time payment services in the UAE. This partnership will contribute to further shaping the UAE’s growing FinTech sector. Finance House’s new vision is to empower its customers to become their own personal bankers by making all financial services available through all of Finance House’s digital platforms.
  • Finance House is among nine other leading institutions partnered with the Abu Dhabi Department of Economic Development (ADDED) to facilitate the process of applying for business bank accounts through ‘Investor Journey’ Portal. This will enhance digital experience that provides all the banking needs that business owners and entrepreneurs require through the platform in an easy and fast manner, without physically having to visit the branch.
  • Finance House announced the launch of “Al Rabeh Business” to support local businesses / SMEs, by offering a suite of products to simplify financial services and provide enhanced earnings, ease of use, and lighting speed turnaround times. These products include Al Rabeh Guarantee, Al Rabeh Deposit, and Al Rabeh WPS.
  • After its success with individuals’ financing, the SME Gold Loan product was launched, as a part of Finance House’ objective to cater SMEs with a novel way of financing. This unique product will enable the prospective clients to make use of their gold/gold jewelry to avail facilities. The gold will effectively be the collateral of this transaction.


I summarize below the key financial outcomes of our actions for the year ended 31 December 2022:

  • Net Profit of AED 20.79 million, compared to AED 22.76 million registered in the previous financial year ended 31 December 2021.
  • Net Interest Income and Income from Islamic Financing & Investing Assets were higher at AED 138.25 million in 2022 compared to AED 137.20 million in the previous year.
  • Net Fee and Commission income earned in 2022 was higher at AED 18.31 million compared to AED 15.86 million in the previous year.
  • Our insurance subsidiary- Insurance House PJSC registered a lower Net Insurance Income of AED 33.15 million in 2022 compared to AED 41.89 million in the previous year.
  • Net Investment Income from group-wide investing activities was lower at AED 12.36 million compared to AED 25 million in the previous year, primarily due to certain one-off gains in the investment book in the prior year.
Read More