Abu Dhabi Commercial Bank PJSC (ADCBF-1125)

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News

10 September 07:01 AM Aramco starts 2nd dollar-denominated offering

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) commenced the issuance of US dollar international trust certificates (Sukuk) on 10 September, according to a bourse filing. The offering, which is ending on 17 September, will constitute …

Companies Investments

8 September 10:38 AM ADCB accelerates growth plans via AED 6.1bn rights issue

Abu Dhabi – Mubasher: The board members of Abu Dhabi Commercial Bank (ADCB) approved a strategic rights issue valued at AED 6.10 billion, according to a press release. The proposed rights issue will increase ADCB's issued capital from AED 7.31 …

Board of Directors

4 September 10:59 AM Khazna secures $2.62bn financing led by ADCB, FAB to back international growth

UAE - Mubasher: Khazna Data Centers has secured a $2.62 billion financing facility, in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB), to fuel its UAE and international growth plans. Holding a tenor lasting up to …

Banking and Finance

9 July 07:49 AM Al Seer Marine expands portfolio via AED 760m facility from ADCB

Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company obtained an AED 760 million ($207 million) facility from Abu Dhabi Commercial Bank (ADCB) for eight years to support its diversified fleet growth and strategic investments. The …

Companies Investments

15 June 11:34 AM SNB to issue USD-denominated Tier 2 capital notes; UAE-listed lenders participate

Riyadh - Mubasher: The Saudi National Bank (SNB) intends to issue USD-denominated Tier 2 capital notes under its Euro Medium Term Note (EMTN) program. The proceeds aim to enhance the bank’s Tier 2 capital and boost its financial as well as …

Banking and Finance

3 June 04:51 AM Al Seer Marine boosts LPG logistics via new JV co-financed by ADCB

Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company has partnered with B International Shipping & Logistics, an affiliate of top energy trader BGN, to launch a joint venture ‘ASBI Shipping FZCO’. This new JV will own and operate …

Banking and Finance

5 May 01:27 PM OMNIYAT secures $500m from inaugural green Sukuk led by UAE-listed lenders

UAE– Mubasher: Dubai’s leading ultra-luxury real estate developer OMNIYAT has priced its inaugural green Sukuk issuance, raising $500 million, according to a press release. The three-year Islamic offering marks the group’s entry into the …

Banking and Finance

29 April 03:34 PM ADCB’s net profits climb 14% in Q1-25

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) generated AED 2.44 billion in net profit during the first quarter (Q1) of 2025, an annual rise of 14% from AED 2.13 billion. Basic and diluted earnings per share (EPS) jumped to AED 0.30 in …

Financial Results

5 March 12:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake

Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …

Sukuk and Islamic Finance

28 January 09:21 AM ADCB logs AED 9.4bn profits in 2024, unveils plans to double earnings

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) achieved net profits worth AED 9.41 billion in 2024, up 15% year-on-year (YoY) from AED 8.20 billion. Total net interest and Islamic financing income grew by 7% to AED 13.22 billion as of 31 …

Financial Results

9 January 01:22 PM Aldar issues $1bn hybrid notes; regional, international investors partake in issuance

Abu Dhabi – Mubasher: Aldar Properties has priced its inaugural $1 billion hybrid capital issuance, attracting robust demand from a wide range of regional and international investors, according to a press release. The issuance by Aldar at a public …

Companies Investments

2 January 02:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included

Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …

Global Economy

17 December 2024 03:59 PM Leading UAE banks, international entities among arrangers for VakıfBank’s $870m equivalent facilities

UAE – Mubasher: Türkiye Vakıflar Bankası T.A.O. (VakifBank), the second largest bank in Türkiye in terms of asset size since YE2020, is pleased to announce the successful signing of its 367-day $518.50 million and EUR 331.40 million Sustainable …

Banking and Finance

15 December 2024 08:14 AM SEC obtains $3.6bn facility deal co-led by listed lenders

Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a $3.60 billion (to SAR 13.50 billion) international syndicated credit facility agreement on 12 December 2024. The company will use the proceeds of the loan to finance general corporate …

Banking and Finance

23 October 2024 00:12 PM ADCB logs 19% higher profits at AED 6.8bn in 9M-24

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) recorded net profits valued at AED 6.84 billion in the first nine months (9M) of 2024, higher by 19% than AED 5.75 billion in 9M-23. The UAE-based lender posted a 15% growth in operating …

Banking and Finance

26 August 2024 00:32 PM Three listed lenders participate in SEC’s $4bn funding

Riyadh – Mubasher: Saudi Electricity Company (SEC) obtained $4 billion (SAR 15 billion) in international syndicated revolving credit facilities on 25 August 2024, according to a bourse filing. A number of regional and international lenders …

Banking and Finance

13 August 2024 11:14 AM Waha Capital raises $400m facility from 4 lenders

Abu Dhabi – Mubasher: Waha Capital has successfully refinanced its $400 million revolving credit facility with the support of four local and regional banks, according to a press release. The new facility, which holds a three-year tenor, can be …

Companies Investments

24 July 2024 09:16 AM ADCB bolsters presence in Central Asia via new hub in Kazakhstan

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) established a hub in Kazakhstan for its Shari’ah-compliant corporate banking services, according to a press release. The hub aligns with the DFM-listed lender’s objectives to expand its …

Banking and Finance

18 July 2024 02:35 PM ADCB achieves AED 5bn net profit before tax in H1-24

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …

Sukuk and Islamic Finance

27 June 2024 02:59 PM ADCB’s Al Hilal Bank collaborates with ADX to launch service for IPOs

Abu Dhabi – Mubasher: Al Hilal Bank, a subsidiary of the Abu Dhabi Commercial Bank (ADCB) Group has teamed up with Abu Dhabi Securities Exchange (ADX) to initiate instant subscriptions to all Sharia-compliant initial public offerings (IPOs) on the …

Banking and Finance

19 June 2024 00:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update

Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …

Banking and Finance

22 April 2024 08:47 AM ADCB’s brand value hits AED 10.5bn in 2023

Abu Dhabi – Mubasher: The value of Abu Dhabi Commercial Bank’s (ADCB) brand grew 8.70% year-on-year (YoY) to AED 10.50 billion in 2023. The bank ranked 109th in the 2024 Banking 500 report from Brand Finance, moving up four places from last year, …

Ratings

1 February 2024 11:03 AM ADCB’s profits up 28% in 2023; dividends recommended

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) posted net profits worth AED 8.20 billion in 2023, up 28% year-on-year (YoY) from AED 6.43 billion. The operating income reached AED 16.86 billion last year, higher by 18% than AED 14.34 …

Financial Results

17 January 2024 08:52 AM ADCB expands regional footprint with new branch in Saudi Arabia

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has received an in-principle approval from the Saudi Council of Ministers to inaugurate a branch in Riyadh, according to a press release. Subject to final regulatory approvals, the new launch …

Banking and Finance

29 November 2023 09:11 AM ADCB more than triples 2030 sustainable finance target to AED 125bn

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has joined the Net Zero Banking Alliance (NZBA) to back the UAE’s net zero by 2050 initiative, according to a press release. ADCB has more than tripled its sustainable finance commitment to …

Banking and Finance