Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved the distribution of 24.52 per cent cash dividends for 2016 at the bank’s Annual General Meeting (AGM) held yesterday (April 2).
The cash dividend represents 39.8 pe
Abu Dhabi Islamic Bank on Thursday posted a 6.9 per cent rise in first-quarter net profit, aided by higher revenues and a growth in customers.
The emirate's largest sharia-compliant bank made a net profit of Dh482 million ($13
Abu Dhabi Islamic Bank (Adib) has acted as the exclusive sell side advisor to Egon Oldendorff KG (EOKG), part of the Oldendorff Group on the full sale of its subsidiary Emirates Ship Investment Company (Eships).
Oldendorff is one
Abu Dhabi Islamic Bank repaid its maturing five-year, $750 million sukuk this week from its own sources without refinancing it, the bank said on Saturday.
Abu Dhabi's largest sharia-compliant bank made a net profit of Dh503.2
Abu Dhabi Islamic Bank has no current plans to raise more capital after a rights issue last month, its chief executive said on Monday, adding that the lender would eschew expansion to focus on existing markets.
The largest Islamic
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution has announced today (September 13) the appointment of Haytham El Maayergi as global head of its Transaction Banking Business.
El Maayergi joins from
The subscription period for Abu Dhabi Islamic Bank’s (Adib) rights issue, which aims to raise Dh504 million ($137 million), begins tomorrow (August 23) and will run until September 10.
During this period, holders of rights a
Abu Dhabi Islamic Bank (Adib) will hold an extraordinary general meeting (EGM) on June 21 to vote on a proposal to raise capital through a rights issue to support the bank’s continued growth.
It will also hold a vote on a pr
Abu Dhabi Islamic Bank (Adib) will focus on winning more business in the United Arab Emirates' expatriate community this year as growth in the national banking sector slows, the bank’s chief executive said.
Total UAE ban
Abu Dhabi Islamic Bank (Adib), a top tier Islamic financial institution, is offering a new 100 per cent capital-protected note that gives investors exposure to blue chip German companies that are experiencing potential export growth.