Tuesday 19 March 2024
 
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Abu Dhabi Islamic bank

Adib reaches one million customer milestone

Abu Dhabi Islamic Bank (Adib), a leading financial institution, has welcomed its one millionth customer in the UAE, nearly double the number it had five years ago. A focus on customer service, combined with considerable investment

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ADIB strips cladding from new HQ building

Abu Dhabi Islamic Bank (ADIB) has replaced the recently-installed exterior cladding panels on its new headquarters tower amid growing scrutiny of tower facades across the globe, said a report. The leading Emirati bank stripped the

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ADIB shareholders agree 24.52pc dividend

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

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Abu Dhabi Islamic Q1 profit up 6.9pc

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

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Adib advises Oldendorff in sale of Eships

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

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ADIB repays sukuk without refinancing

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

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ADIB says no plans to raise further capital

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

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ADIB names global head of transaction banking

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

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Adib’s $137m rights issue opens August 23

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

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Adib EGM to vote on capital raising plan

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

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