Abu Dhabi Islamic Bank PJSC (ADIB) News - Mubasher Info
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04 April 05:10 PM

Abu Dhabi Islamic Bank PJSC (ADIB)

Last update: 3 April 02:55 PM market time.
20.62
0.20
0.98%
Open 20.52
Previous Close 20.50
High 20.80
Low 20.46
Stock Statistics
Volume 1,405,407
Turnover 28,975,940.79
All data are 15 minutes late during market session

News

The rise in banks’ operations and loans will enhance the banking sector during Q3-17
2 October 2017 04:24 PM Oil price recovery, lending growth to boost UAE banks’ profits in Q3 – Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE banks sector is expected to continue its growth during the third quarter of 2017, in line with the recovery in oil prices, which have neared $60 per barrel (pb), along with the increase in loans for …
News Analysis
Under the terms of the MoU, ADIB will partner with the FSRA across a range of Sharia’a-compliant FinTech-related initiatives
25 September 2017 06:29 PM ADGM, ADIB to develop FinTech Ecosystem
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Monday announced that it signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM) to seek to collaborate and consult on FinTech ecosystem development. Under the terms of …
Companies Investments
ADIB on Sunday posted a 8.7% growth in net profits in the second quarter of 2017
23 July 2017 04:56 PM ADIB quarterly profits rise 8.7%
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Sunday posted a 8.7% growth in net profits in the second quarter of 2017, according to a statement. The bank’s net profit amounted to AED 551.6 million ($150.14 million) in Q2-17 from AED …
Financial Results
The note is open for subscription until 24 August and offers a 3-month lock-in period
8 July 2017 11:02 AM ADIB launches 2nd tranche of healthcare note
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched a second tranche of its Healthcare Pharmaceuticals Equities Basket Note following, according to a press release. The bank said in a statement on Saturday that the moves comes due to …
Companies Investments
QAR last recorded EGP 4.64 for selling and EGP 4.93 for buying on the bank's list
5 July 2017 09:14 PM ADIB - Egypt lifts QAR from its currencies
Cairo - Mubasher: Abu Dhabi Islamic Bank (ADIB) - Egypt has removed the Qatari Riyal from its exchange rates screen, as shown by the bank’s website. The QAR registered EGP 4.64 for selling and EGP 4.93 for buying in the bank’s trade on Tuesday. …
Central Banks Global Indices
One of ADIB's branches (Photo Credit: Arabianeye-Reuters)
24 April 2017 03:23 PM ADIB profits up 20% in Q1
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) reported a 19.8% year-on-year increase in its profits during the first quarter of 2017, according to a bourse filing. Net profits reached AED 577.5 million ($157.2 million) in Q1-17, compared to …
Financial Results
Moody's upgraded the bank's standalone baseline credit assessment (BCA) to ba1 from ba2.(Photo Credit: Arabianeye-Reuters)
20 April 2017 03:56 PM Moody's affirms ADIB's 'A2' long-term issuer ratings
Mubasher: Moody's Investors Service has affirmed on Thursday Abu Dhabi Islamic Bank's (ADIB) "A2/Prime-1" long- and short-term domestic and foreign currency issuer ratings, according to a statement. The rating reflects Moody's expectation of a …
Ratings
(Press release photo)
19 April 2017 04:48 PM ADIB provides AED 310m financing facility to Tamouh Investments
Abu Dhabi – Mubasher: Tamouh Investments said Wednesday that it has signed a financing contract worth AED 310 million with Abu Dhabi Islamic Bank (ADIB). The facility aims to fund the construction of the final phase of the Paragon Bay Mall …
Companies Investments
An ADIB branch (Photo Credit: Arabianeye-Reuters)
4 April 2017 10:49 AM ADIB launches 2nd tranche of capital-protected equity investment
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Tuesday announced launching the second tranche of the popular Equity Basket Note 3 investment note linked to a basket of global blue chip stocks. The Sharia-compliant note will mature in 12 …
Banking and Finance
The bank has welcomed 42,000 new customers in 2016 (Photo Credit: Arabianeye-Reuters)
3 April 2017 08:50 AM ADIB approves 24.52% dividends for 2016
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said its shareholders approved 24.52% dividends, or AED 780 million, for fiscal year 2016, according to a statement. Cash dividends represent 39.8% of net profits achieved in 2016. The bank has …
General Assembly
One of ADIB's branches (Photo credit: Arabianeye - Reuters)
7 March 2017 09:40 AM ADIB denies USD sukuk issue
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) denied its intention to issue USD sukuk in the coming few months, according to a bourse statement. The bank clarified in an official statement to Reuters that there are no immediate plans for any …
Sukuk and Islamic Finance
(Photo credit: Arabianeye - Reuters)
14 February 2017 02:15 PM ADIB recommends 24.52 fils/shr dividends
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said Tuesday that its board of directors recommended distributing cash dividends of 24.52 fils per share for the fiscal year 2016. The board invited set 2 April for the annual general meeting, …
Cash Dividends
(Photo credit: Arabianeye - Reuters)
14 February 2017 02:04 PM ADIB profits decline 5% in Q4
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) posted on Tuesday a fall of 4.7% in its profits for the fourth quarter of fiscal 2016 to AED 455.1 million ($123.884 million), compared to AED 477.4 million ($130 million) for Q4-15. Net profits …
Financial Results
The facility aims to meet Omniyat’s financing objectives, especially for its Opus Project (Photo Credit: Arabianeye-Reuters)
29 January 2017 00:59 PM ADIB, AAIB arrange financing facility for Omniyat
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) helped close an Islamic financing facility worth AED 325 million for Dubai-based Omniyat, according to a statement.  ADIB was the bookrunner and underwriter, and acted with Arab African …
Companies Investments
The sukuk were rated A2 by Moody’s and A+ by Fitch (Photo Credit: Arabianeye-Reuters)
30 November 2016 11:59 AM ADIB repays AED 1.835bn sukuk
Mubasher: Abu Dhabi Islamic Bank (ADIB) repaid in full a $500 million (AED 1.835 billion) sukuk from its own sources, according to a statement. The 5-year sukuk, which was listed on the London Stock Exchange (LSE), are matured on 30 November …
Sukuk and Islamic Finance
UNB’s stocks fell 5.61% to AED 4.21 by 1:20pm UAE time (Photo Credit: Arabianeye-Reuters)
20 November 2016 00:32 PM Three Abu Dhabi-listed banks deny merger news
Abu Dhabi – Mubasher: Abu Dhabi-listed Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB) and Union National Bank (UNB) denied the merger news published by Bloomberg, according to bourse statements. ADCB said that its executive …
Mergers and Acquisitions
ADIB net profits reached AED 509 million in Q3-16 (Photo Credit: Arabianeye-Reuters)
24 October 2016 03:18 PM ADIB profits up 1.2% in Q3
Abu Dhabi – Mubasher:  Abu Dhabi Islamic Bank (ADIB) posted a rise in its profits by 1.2% year-on-year during the third quarter of 2016, according to a bourse statement. Net profits reached AED 509 million ($138.58 million) in Q3-16, compared to …
Financial Results
ADIB has headquarters in UAE, Egypt, Saudi Arabia, the Sudan, Iraq and Qatar- (Photo Credit: Arabianeye-Reuters)
11 October 2016 02:43 PM AIDB studies external expansion in 2017 - CEO
By: Amr Adel Dubai – Mubasher: Abu Dhabi Islamic Bank (ADIB) is studying a number of opportunities for expansion starting from 2017, Tirad Al-Mahmoud, the bank’s CEO, said. Al Mahmoud added that the bank intends to expand in the Arab markets, in …
Sukuk and Islamic Finance
The note offers the opportunity to invest in an equity basket of international brands- (Photo Credit: Arabianeye-Reuters)
8 October 2016 08:38 PM ADIB launches new capital-protected equity investment
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched a second Shariah compliant investment structured note for the year, according to the bank’s press release. The note is linked to a basket of blue chip companies from diversified …
Companies Investments
Abu Dhabi Islamic Bank employs about 2,500 people - (Photo Credit: Arabianeye-Reuters)
4 October 2016 03:17 PM ADIB cut 200 jobs in 3 months
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has cut more than 200 jobs over the past three months, according to a recent report by Bloomberg. The cuts were made mostly in the retail business. Around 100 employees were dismissed last month, …
Corporate Actions
The park is scheduled for opening in Dubai on 31 August 2016 (Photo Credit: Arabianeye-Reuters)
29 August 2016 02:53 PM ADIB banking partner for theme park in Dubai
Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) signed an agreement to become the official banking partner for IMG Worlds of Adventure theme park, according to a statement. Owned by the Ilyas and Mustafa Galadari Group, the park is scheduled for …
Companies Investments
The note is currently open for subscription until 25 August (Photo Credit: Arabianeye-Reuters)
10 August 2016 11:43 AM ADIB unveils new investment note
Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) launched a new shariah compliant investment note, according to a statement. The new offering will enable customers to invest in an equity basket of blue chip companies from a diversified basket of …
Sukuk and Islamic Finance
The bank’s unpredicted results are behind today’s retreat - (Photo Credit: Arabianeye-Reuters)
17 July 2016 10:32 AM ADIB leads ADX declines Sunday
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) led losers on the Abu Dhabi Securities Exchange (ADX), despite reporting a profit increase in Q2-16. ADIB’s stock went down 3% by 11:23am UAE time reaching AED 3.85, with 1.01 million shares …
Trading Activities
The bank’s customers grew by more than 115,000 - (Photo Credit: Arabianeye-Reuters)
14 July 2016 02:28 PM ADIB posts 3.8% net profit rise in H1-16
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) reported a net profit of AED 989.5 million ($269.44 million) for the first half of 2016, a 3.8% increase from last year. The bank’s customers grew by more than 115,000, while  total assets were …
Banking and Finance
ADIB posted a 6.9% growth in Q1-16 profits to AED 482 million- (Photo Credit: Arabianeye-Reuters)
11 July 2016 02:42 PM ADIB’s board to OK Q2 financials mid-July
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) announced that the bank will meet on 14 July to approve its financial results for the second quarter of 2016. The bank posted a 6.9% growth in its first-quarter profits to AED 482 million …
Event