Arabtoday - Tag

ADIB

ADIB profit up 13% in first nine months of 2017

Abu Dhabi - Arab Today

Abu Dhabi Islamic Bank (ADIB) Group announced on Sunday that its net profit for the first nine months of 2017 rose 13 per cent year-on-year to AED1.69 billion. ''Net profit for the third quarter of 2017 delivered a 10.8 per cent year-on-year rise,'' the bank said in a press statement. Revenues increased by four per cent for the first nineRead more

ADIB hosts roundtable on enhancing fintech’s role in society

Abu Dhabi - Arab Today

Abu Dhabi Islamic Bank, ADIB, brought together leading industry experts for a roundtable discussion on the increasing importance of fintech as a means of financial inclusion and empowerment. The event was held as part of the bank’s involvement in the Ethical Finance Innovation Challenge and Awards, EFICA, an initiative which aims to recognise people and organisations that use financial initiativesRead more

Abu Dhabi bank strips cladding from new building

London - Arab Today

A big bank in Abu Dhabi has stripped the cladding from its new headquarters building in the UAE capital amid growing scrutiny of tower facades worldwide. Abu Dhabi Islamic Bank (ADIB) is replacing the recently installed exterior cladding panels on its new headquarters building as companies across the country assess the materials used on the outside of their offices. ItRead more

ADIB global investment outlook takes an overweight view

Abu Dhabi - Arab Today

In its latest Global Investment Outlook presentation, Abu Dhabi Islamic Bank, ADIB, has suggested that investors should consider taking an "overweight" position on GCC and European equities as well as the Japanese yen. "Reaching out to our customers and offering them our unique insights into the global investment landscape is central to our mission as trusted financial advisors. We believe inRead more

Abu Dhabi Islamic Bank approves dividend of 24.52%

Abu Dhabi - Arab today

Abu Dhabi Islamic Bank (ADIB) approved a dividend of 24.52 per cent for year 2016 for its shareholders at its annual general meeting in Abu Dhabi on Sunday evening. The AGM had a quorum of 50 per cent. The bank’s board had recommended a dividend of a 24.52 per cent when it announced financial results for 2016 in February. InRead more

ADIB to Showcase Exciting Career Opportunities

Abu dhabi - WAM

Abu Dhabi Islamic Bank, ADIB, will be showcasing the diverse range of exciting career opportunities it offers UAE Nationals at Tawdheef 2017. The Abu Dhabi-based bank, which is a Platinum Sponsor of the 11th annual recruitment fair in Abu Dhabi, aims to use the platform to recruit more UAE nationals into the financial services sector. Tawdheef, which is being heldRead more

Egypt arrests suspected killer of top banker

Cairo - Arab Today

Egyptian police on Wednesday arrested a man suspected of killing Nevine Loutfy, the chief executive officer of Abu Dhabi Islamic Bank (ADIB) Egypt. The arrest was made a day after Loutfy, a leading Egyptian banker, was found slain inside her villa in a compound in the Cairo suburb 6th of October City. The suspect was identified as Karim Saber, anRead more

Meydan Group secures Dh1b financing from Adib

Dubai - Arab Today

The master-developer Meydan Group has secured a Dh1 billion financing from Abu Dhabi Islamic Bank (Adib) that would go to part-finance projects that will line up along the Dubai Water Canal and for general corporate expenditure. There are about 15 to 20 prime plots that the developers of the Canal — Meydan and Meraas — have right on the water-side,Read more

Meydan Group Secures Dh1b Financing From Adib

Dubai - Arab Today

Abu Dhabi Islamic Bank (ADIB) repays $500m sukuk

Abu dhabi - WAM

Abu Dhabi Islamic Bank (ADIB) announced on Wednesday that it had repaid in full a US$500 million Islamic bond or sukuk from its own resources, reflecting what it said was its strong liquidity position amid difficult market conditions. The sukuk matured on November 30. The five-year sukuk, which were listed on the London Stock Exchange, were more than four timesRead more