Abu Dhabi Islamic Bank PJSC (ADIB) News - Mubasher Info
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02 October 09:36 PM

Abu Dhabi Islamic Bank PJSC (ADIB)

Last update: 02:55 PM market time.
22.15
-0.22
-0.99%
Open 22.20
Previous Close 22.20
High 22.50
Low 21.94
Stock Statistics
Volume 3,069,248
Turnover 67,980,297.52
All data are 15 minutes late during market session

News

The Emirati client will refinance AED 900m prime central London healthcare facility
29 January 2020 05:38 PM ADIB allocates AED 320m financing to clients in UK
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, provided through ADIB UK a sharia-compliant financing worth AED 320 million (GBP 66.6 million) to a private Abu Dhabi and Bahrain-based clients. Through the …
Banking and Finance
The facility will enable OSC to promote its debt position
5 January 2020 01:06 PM ADIB unveils 1st Sharia-compliant financing to Omani firm at $80m
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) will provide an $80 million Sharia-compliant Ijarah facility to Oman Shipping Company (OSC), a member of the ASYAD Group, to finance two Very Large Crude Carriers (VLCC) tankers within the OSC …
Banking and Finance
Customers can conclude any routine transaction through Smartbanking at once
11 December 2019 11:36 AM ADIB launches “Smartbanking” for millennial customers
Abu Dhabi – Mubahser: Abu Dhabi Islamic Bank (ADIB) has introduced, Smartbanking, a new digital banking proposition for millennial customers, representing a new banking paradigm in the UAE. The new solution features digital onboarding along with a …
Companies Investments
ADIB Emirates Skywards Signing Ceremony
25 November 2019 03:58 PM ADIB, Skywards together launch ADIB Emirates Skywards Cards
Abu Dhabi- Mubasher: Abu Dhabi Islamic Bank (ADIB) has partnered with Skywards, the loyalty programme of Emirates and flydubai, to launch two new covered cards in collaboration with Mastercard. The new ADIB Emirates Skywards Cards will …
Company News
The raise is subject to approvals from relevant regulators
17 November 2019 04:37 PM ADIB’s board proposes 40% higher limit on foreign ownership
Abu Dhabi - Mubasher: The board of Abu Dhabi Islamic Bank (ADIB) has submitted a recommendation to the shareholders’ general assembly to increase the maximum limit of non-UAE national's ownership of ADIB's shares to 40%.  Therefore, the clause No. …
General News
Net revenues totalled AED 1.503 billion over the third quarter of the year
10 November 2019 10:26 AM ADIB logs AED 620m profit in Q3
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) recorded a 5.2% year-on-year (YoY) rise in net profits to AED 620 million over the third quarter (Q3) of 2019, compared to AED 589.5 million in Q3-18. Net revenues totalled AED 1.503 billion over …
Company News
This opening brings the total number of the bank’s mall branches in Al Ain to five
13 October 2019 00:43 PM ADIB opens new mall branch in Al Ain
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced the opening of a new mall branch in Al Ain at Makani Mall. This opening brings the total number of the bank’s mall branches in Al Ain to five with a …
Banking and Finance
Samsung Pay is only compatible with Samsung devices
30 September 2019 00:33 PM ADIB launches Samsung-operated mobile wallet system for Visa covered cardholders
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, on Monday announced it has launched Samsung Pay, the mobile payment and digital wallet service for its Visa covered cardholders. Samsung Pay is only …
Companies Investments
The digital tablets enable customers to update their information within minutes
27 August 2019 02:23 PM ADIB rolls out tablet kiosks to save customer service time
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), listed on the Abu Dhabi Securities Exchange (ADX), on Tuesday announced the launch of digital tablet kiosks in its branches to save customer service times. The digital tablets will enable …
Company News
ADIB UK financed BLME for the acquisition of an AED 120 million office building in Edinburgh
21 August 2019 11:16 AM ADIB’s UK unit funds BLME for AED 120m takeover in Edinburgh
Abu Dhabi - Mubasher: ADIB UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), announced it has provided The Bank of London and the Middle East (BLME), a UK-based Shari'ah compliant bank, a financing for the acquisition of an AED 120 …
Corporate Actions
Operating profit went up by 6.7% in Q2-19
24 July 2019 09:50 PM ADIB posts AED 630m profit in Q2-19
Abu Dhabi – Mubasher: The Abu Dhabi Islamic Bank (ADIB) reported a 10% year-on-year profit hike during the second quarter of 2019, recording AED 630.1 million. Operating profit went up by 6.7% to AED 789.7 million in Q2-19 versus AED 740.2 million …
Financial Results
The strategic alliance will offer their clients access to a wider and more flexible network
21 July 2019 01:08 PM ADIB, Al Baraka Banking ink MoU for network expansion
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, and the Bahrain-based Islamic multinational banking group Al Baraka Banking Group on Sunday announced the signing of a memorandum of understanding …
Company News
ADIB Direct integrates a number of banking solution for businesses into a single interface that cut costs
9 July 2019 11:22 AM ADIB launches new integrated digital banking platform for all-sized businesses
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution based in Abu Dhabi, on Tuesday announced the launch of its latest intuitive digital banking platform for all businesses, “ADIB Direct”. ADIB Direct integrates a …
Corporate Actions
The transaction was funded by Abu Dhabi Islamic Bank
24 June 2019 01:45 PM Saudi investment firm acquires 4 buildings in Manchester for $50m
Riyadh – Mubasher: Cedar Tree Investments, which is overseen by AIMS Investments, one of Saudi Arabia’s largest private and public equity investors, has purchased four apartment buildings in Manchester in consideration of $49.6 million. The …
Real estate
ADIB will offer Khuttati through its network of branches
23 June 2019 01:43 PM ADIB unveils new savings plan ‘Khuttati’
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB), listed on the Abu Dhabi Securities Exchange (ADX), has launched “Khuttati”, its latest savings plan to promote medium- to long-term investments through regular contributions. Khuttati enables …
Corporate Actions
ADIB launched “Express Finance” for pre-approved customers seeking personal finance
12 June 2019 09:58 AM ADIB rolls out new digital personal finance service
Abu Dhabi –​ Mubasher: Abu Dhabi Islamic Bank (ADIB), the largest sharia-compliant lender in Abu Dhabi, announced on Wednesday the launch of “Express Finance”, a new service developed by the bank’s Digital Lab as part of its digital transformation …
Corporate Actions
The bank’s support rating floor (SRF) has been also affirmed at 'A+'
11 June 2019 10:16 AM Fitch Ratings affirms ADIB’s IDR at A+
Abu Dhabi - Mubasher: Fitch Ratings has affirmed the long-term issuer default rating (IDR) for Abu Dhabi Islamic Bank (ADIB), listed on the Abu Dhabi Securities Exchange (ADX), at 'A+' and viability rating (VR) at 'bb'. The New York-based credit …
Stock Evaluations
du will maintain delivering progressive network solutions to improve ADIB customers’ service experience
30 May 2019 10:05 AM Du, ADIB renew data centre services deal
UAE – Mubasher: Emirates Integrated Telecommunications Company (du) announced it has renewed its partnership with Abu Dhabi Islamic Bank (ADIB) to provide dynamic class leading data centrE services. Under the agreement, du will maintain delivering …
Companies Investments
Most of the ADX-listed banks posted solid profits for Q1
21 May 2019 11:37 AM Abu Dhabi banks report robust profits in Q1 - Analysis
By: Mahmoud Gamal Abu Dhabi – Mubasher: Most of the banks listed on the Abu Dhabi Securities Exchange (ADX) have posted solid profits for the three-month period ended 31 March 2019. Profits of the lenders operating in the oil-rich emirate were …
Financial Results
ADIB postpones monthly instalment for personal finance customers during Ramadan.
12 May 2019 00:10 PM ADIB delays instalments on personal financing in Ramadan
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), listed on the Abu Dhabi Securities Exchange (ADX), on Sunday revealed it would postpone a monthly instalment for its personal finance customers at no extra charge during the holy month of …
Corporate Actions
Headquarters of the Abu Dhabi Islamic Bank
22 April 2019 03:46 PM ADIB records AED 600m net profit in Q1-19
Abu Dhabi – Mubasher: The Abu Dhabi Islamic Bank (ADIB) achieved an increase of 1.7% in net profit to AED 600.3 million during the first quarter of 2019 compared to AED 590.4 million in the same period last year. Net revenues grew by 5.3% to AED …
Sukuk and Islamic Finance
The OGM has also agreed to extend the maturity date of the ongoing financing worth $39 million
21 March 2019 11:54 AM ADIB Egypt OGM nods to $30m financing
Cairo – Mubasher: Abu Dhabi Islamic Bank Egypt’s (ADIB) ordinary general meeting (OGM) has approved a $30 million financing from Abu Dhabi-listed ADIB. The financing has a maturity of seven years at an expected interest rate of 9.88% to be …
Corporate Actions
The shareholders also nodded to distribute a cash dividend of 27.38% for the full-year 2018
14 March 2019 11:26 AM ADIB appoints new board of directors
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Thursday announced that its shareholders have approved appointing a new board of directors. “We are pleased to announce ADIB’s new Board of Directors, with strong representation from the …
Banking and Finance
First Abu Dhabi Bank topped UAE lenders in terms of cash dividends
3 March 2019 05:03 PM UAE banks’ cash dividends hit AED 18.7bn in 2018
Abu Dhabi – Mubasher: A total of 18 UAE national banks, listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), raised their proposed cash dividends 12.2% to AED 18.7 billion for 2018, from AED 16.66 billion a year …
Banking and Finance
The new CEO will widen and deepen the bank’s comprehensive retail
25 February 2019 10:52 AM ADIB names Mazin Manna as new CEO
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Monday announced that it has appointed Mazin Manna as the bank’s new CEO, after obtaining the approval of the Central Bank of the UAE. Manna replaces Khamis Buharoon, who has been acting CEO …
Corporate Actions