Abu Dhabi Islamic Bank PJSC (ADIB) News - Mubasher Info
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Abu Dhabi Islamic Bank PJSC (ADIB)

Last update: 14 June 02:57 PM market time.
11.00
0.16
1.47%
Open 11.06
Previous Close 10.88
High 11.10
Low 10.86
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Volume 1,655,701
Turnover 18,221,490.66
All data are 15 minutes late during market session

News

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14 May 12:17 PM ADIB launches expansion plan to improve business banking for SMEs
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has announced an expansion plan aiming at improving business banking services across the UAE. The plan includes strategic collaborations with key partners specialising in serving the small-, and …
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24 April 06:56 PM ADIB records 32% annual surge in Q1-24 net profit; revenue hits AED 2.5bn
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) achieved a net profit after tax worth AED 1.45 billion during the first quarter (Q1) of 2024, signalling a 32% increase from AED 1.10 billion in Q1-23. The UAE lender generated revenues of AED …
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23 April 02:00 PM ADIB becomes 1st bank to offer integrated financial services via Botim app
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked a partnership with Astra Tech, becoming the first lender to provide users across the country access to financial services on the Botim Ultra app. ADIB and Botim will join forces to develop …
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3 April 02:40 PM Moody’s upgrades ADIB’s BCA to 'baa3'; affirms long-term issuer ratings
Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …
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26 March 02:37 PM ADIB partners with Tesla to bolster EV financing
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked an affiliate partnership agreement to provide financing to Tesla car buyers at affordable profit rates starting at 1.79%. Through ADIB’s electrical car financing programme VOLT, the lender …
Mohamed Abdelbary as acting Group CEO of ADIB
6 March 10:35 AM ADIB names Abdelbary as Acting Group CEO
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as its acting Group CEO following the resignation of Nasser Al Awadhi from the same position. Abdelbary joined ADIB in May 2020 as the group CFO from Standard …
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3 March 12:44 PM ADIB to pay AED 2.5bn cash dividends for 2023
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) obtained the approval of its general assembly to disburse cash dividends of AED 2.59 billion for 2023, according to a press release. ADIB will pay out a dividend of 71 fils per share, marking an …
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22 February 11:05 AM Emirates NBD-Egypt inks EGP 400m with ADIB’s leasing arm
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, penned a medium-term loan agreement worth EGP 400 million with Abu Dhabi Islamic Finance (ADIFinance), the leasing arm of Abu Dhabi Islamic Bank (ADIB). In line with …
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20 February 01:21 PM ADIB launches new payment hub to facilitate cross-border transactions
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) launched a new payment hub that streamlines banking transfers in collaboration with real-time payment solutions company, ProgressSoft. The new hub will facilitate cross-border services, including …
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23 January 04:58 PM ADIB’s net profits exceed AED 5.2bn in 2023; dividends unveiled
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) logged net profits after Zakat and tax valued at AED 5.25 billion in 2023, higher by 45% than AED 3.61 billion in the January-December 2022 period. Revenue hiked by 36% year-on-year (YoY) to AED …
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10 January 04:57 PM ADIB implements AI-powered tool to elevate productivity, efficiency
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) started the implementation of an AI-powered tool, GitHub Copilot for Business, which is expected to revolutionise operations within the UAE lender, according to a press release. GitHub Copilot …
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24 December 2023 00:51 PM TAQA unveils AED 1.6bn joint project; Co-funded by ADIB, CBD
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), GS Inima, and Emirates Water and Electricity Company (EWEC), concluded the financial process of AED 1.60 billion ($444 million) low-carbon intensive Shuweihat 4 Reverse Osmosis …
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20 December 2023 03:47 PM ADIB, Aldar close AED 1bn sustainable financing
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has arranged AED 1 billion sustainable bilateral facility for Aldar Properties, according to a press release. The financing takes Aldar’s total environmental, social, and corporate governance …
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11 December 2023 08:12 PM ADIB lists world’s 1st USD-denominated Green Sukuk
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) listed the first USD-denominated green Sukuk in the world on Abu Dhabi Securities Exchange (ADX) on 8 December 2023 and was more than 5 times oversubscribed, according to a press release. The …
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21 November 2023 01:52 PM ADIB teams up with Visa to reinforce payment solutions in UAE
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has joined forces with Visa to secure the new Visa Installments Solution (VIS) for its cardholders across the UAE. The option will enable customers to divide their spending into smaller, equal …
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26 October 2023 00:47 PM ADIB delivers growth in 9M-23 financials; revenues leap 48%
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) achieved a 53% year-on-year (YoY) hike in net profit to AED 3.75 billion during the first nine months (9M) of 2023, versus AED 2.45 billion. Total operating income widened by 48% to AED 6.69 …
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27 September 2023 05:43 PM ADIB redeems USD-denominated Sukuk issued 5 years ago
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has recently completed the planned redemption of its $750 million additional tier-one (AT1) perpetual sukuk on the first call date. The Sukuk notes, which were redeemed on 20 September 2023, were …
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23 August 2023 11:14 AM Six UAE lenders endorse green economy via AED 190bn financing
UAE – Mubasher: Six UAE lenders contributed to green financing with a total of AED 190 billion ($51.80 billion) by the end of 2022, the UAE Banks Federation (UBF) announced. The lenders are First Abu Dhabi Bank (FAB), Abu Dhabi Commercial …
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27 July 2023 06:12 PM ADIB records 61% higher net profit in H1-23
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) witnessed a 61% annual surge in net profit to AED 2.32 billion during the first half (H1) of 2023 from AED 1.44 billion. The basic and diluted earnings per share (EPS) went up by 57% to AED 0.56 …
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23 July 2023 05:40 PM ADIB inaugurates UAE’s 1st long-term, fixed-rate home finance
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched Istiqrar as the first long-term and fixed-rate home finance in the UAE, according to a press release. Istiqrar aims to improve customers’ lives through steady and fixed monthly …
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12 July 2023 02:06 PM ADIB raises $750m in USD-denominated sukuk offering
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has secured $750 million in the world’s first dollar-denominated additional tier-one (AT1) perpetual sukuk issued since March 2023, according to a press release. ADIB priced the five and …
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22 June 2023 05:37 PM ADIB teams up with UAE’s ADIO to boost businesses, investors
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) partnered with Abu Dhabi Investment Office (ADIO) through a memorandum of understanding (MoU) to provide local enterprises and investors with the support they need in their financing and banking …
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22 June 2023 00:23 PM Cairo-based Islamic fintech Agel unveils pre-Seed round, partnership with ADIB
Cairo – Mubasher: Agel, the first and only Islamic fintech in Egypt, has successfully secured a pre-seed round for undisclosed seven-digit figures, according to a press release. The funding round was led by MENA-focused venture capital firms that …
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23 May 2023 00:36 PM ADIB becomes 1st UAE bank to secure account opening for SMEs
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) became the first UAE lender to provide small and medium-sized enterprises (SMEs) with remote account opening services through a mobile app. The bank will deploy the Emirates Face Recognition …
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26 April 2023 04:37 PM ADIB’s net profits exceed AED 1bn in Q1-23
Abu Dhabi – Mubasher: The net profits after Zakat and tax of Abu Dhabi Islamic Bank (ADIB) jumped by 54% to AED 1.10 billion in the first quarter (Q1) of 2023, versus AED 715 million in Q1-22. Total operating income climbed by 45% year-on-year …