Abu Dhabi Islamic Bank PJSC (ADIB)

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News

17 May 2016 00:09 AM Moody’s affirms ratings of 5 UAE banks

Dubai – Mubasher: Moody's Investors Service confirmed on Monday the long-term ratings of five UAE banks at ‘AA2’, with a negative outlook. The five banks are National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Union National Bank, Al Hilal Bank …

Stock Evaluations

21 April 2016 07:40 PM ADIB to pay 24.27% dividends for FY15

By: Ramy Sameeh Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank’s (ADIB) shareholders agreed on distributing 24.27% cash dividends of the capital or AED 0.2427 per share for the fiscal year 2015. The ordinary general meeting has approved the board’s …

Corporate Actions

21 April 2016 02:21 PM ADIB first-quarter profits rise

Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) posted a 6.9% growth in its first-quarter profits, according to a bourse statement. Net profits reached AED 482 million ($131.20 million) in the first quarter of 2016, compared to AED 450.8 million …

Financial Results

27 March 2016 00:56 PM ADIB advises on Oldendorff’s sale of Eships

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said it has acted as the exclusive sell side advisor to Germany’s Egon Oldendorff GmbH & Co. KG, a part of the Oldendorff Group, on the full sale of its subsidiary Emirates Ship Investment …

Companies Investments

14 February 2016 02:40 PM ADIB profits increase 17% in Q4

Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) reported profits of AED 478 million ($130 million) in the fourth quarter of 2015, compared to AED 409 million ($111.3 million) in the same quarter of 2014, according to a bourse filing on Sunday. …

Financial Results

7 February 2016 11:45 AM ADIB arranges Mohebi Logistics’ AED 400m sukuk issue

Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) successfully issued an AED 400 million sukuk for Mohebi Logistics, according to a recent statement. ADIB has acted as sole book runner for the sukuk issue, the statement on Sunday said, adding that …

Sukuk and Islamic Finance

24 January 2016 01:30 PM Maridive inks $225m credit facility deal with ADIB

Cairo - Mubasher: Maridive and Oil Services said it has signed a credit facility agreement amounts to $225 million with Abu Dhabi Islamic Bank (ADIB). The company will use the loan in restructuring current credit facilities and financing the …

Banking and Finance

19 December 2015 02:24 PM Gulf Marine gets $620m financing

Abu Dhabi-Mubasher: Gulf Marine Services (GMS) has secured a $620 million (AED 2.2 billion) financing facility. The syndicated financing combines Islamic and conventional facilities and will replace GMS’ existing funding facilities with no changes …

Banking and Finance

10 December 2015 11:25 AM ADIB vice chairman resigns from board

Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) said that Vice Chairman Khaled Abdullah Neamat Khouri resigned from the board of directors, according to a bourse filing on Thursday. The bank will announce the new member who will replace Khouri …

Companies Investments

17 November 2015 10:49 AM Maridive to secure $225m credit facilities from ADIB

Cairo - Mubasher: Maridive and Oil Services Co. announced Tuesday that its board of directors approved the credit facilities proposed by Abu Dhabi Islamic Bank (ADIB). The credit facilities will amount to $225 million, said a bourse statement. …

Companies Investments

7 November 2015 10:10 AM UAE's ADIB repays $750m sukuk

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said Saturday it has repaid in full a $ 750 million (AED 2.755 billion) sukuk from its own sources, reflecting the bank’s financial strength and comfortable liquidity position. The sukuk …

Sukuk and Islamic Finance

1 November 2015 04:07 PM UAE’s ADIB profit rises 8.6% in nine months

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) posted 8.6% growth in net profit for the first nine months of 2015 to AED 1.456 billion ($397 million), up from AED 1.341 billion ($365 million) in the same period a year ago. The bank reported a …

Financial Results

19 October 2015 11:14 AM Mashreq leads 8 banks for Ezdan’s $500 million facility

Dubai-Mubasher: Mashreq Al Islami, the Islamic banking arm of Dubai-listed Mashreq, has successfully closed a five-year senior secured syndicated facility worth $500 million for Qatar-based Ezdan Holding Group Company. Mashreq Al Islami UAE acted …

Banking and Finance

21 September 2015 00:13 PM ADIB says rights issue 3 times oversubscribed

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) announced on Monday that it has successfully raised AED 504 million in the first tradable rights issue for a bank in the UAE. “The rights issue, which forms part of the comprehensive capital plan …

Corporate Actions

6 September 2015 01:18 PM ADIB-Egypt half- year profits decline 18.9%

Cairo-Mubasher: Abu Dhabi Islamic Bank - Egypt registered a decrease of 18.9% to EGP 120.6 million in net profits for the first half of 2015, down from EGP 148.7 million for the same period of the previous year. Meanwhile, the lender’snet interest …

Financial Results

23 August 2015 10:02 AM ADIB subscription rights drift lower at open

Abu Dhabi – Mubasher: Subscription rights of Abu Dhabi Islamic Bank (ADIB) drifted lower early on Sunday, as it fell by 13.7% at 10:35am UAE time to AED 1.51. The bank said, in a statement posted Saturday that subscription to its rights issue will …

Trade

22 August 2015 00:41 PM ADIB says subscription to rights issue to start 23 Aug

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said, in a statement posted Saturday that subscription to its rights issue will begin on 23 August and will run until 10 September. During this period, holders of rights as at the end of the …

Corporate Actions

23 July 2015 10:16 AM ADIB rights issue to begin 23 August

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has set out key dates for its rights issue. This follows ADIB’s extraordinary general meeting held on 28 June 2015, which approved the bank’s capital increase through a rights issue of 168 …

Corporate Actions

22 July 2015 03:21 PM ADIB profit rises 23% in second quarter

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) posted 23% growth quarter-on-quarter in net profit for the second quarter of 2015 to AED 502.6 million, compared with AED 409.5 million. The Abu Dhabi-listed lender generated AED 953.4 million …

Company News

7 July 2015 00:46 PM ADIB plans Asia, MENA acquisitions in 2016

  Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) said it is targeting new acquisitions in 2016 in Asia and the MENA region, said the bank’s CEO Tirad Mahmoud, according to the Libyan News Agency (LANA). This follows the Abu Dhabi-listed …

Company News

2 July 2015 11:16 AM ADIB sees no expansions, acquisitions till 2015-end

By Ramy Sameeh Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB), the emirate’s biggest Islamic bank, said it is not intending to carry out new overseas expansions or acquisitions till the end of this year. The bank studies new acquisitions and …

Company News

28 June 2015 01:04 PM ADIB shareholders OK capital hike

  By: Ramy Sameeh Abu Dhabi – Mubasher: Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved, on Sunday, proposals to raise AED 504 million of share capital through a rights issue of 168 million new shares. Shareholders at an extraordinary …

Bonds

21 June 2015 00:47 PM ADIB OGM postponed to 28 June

  By: Ramy Sameeh Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has decided to postpone its ordinary general meeting (OGM), scheduled for today, to 26 June due to an incomplete quorum. The OGM was set to discuss a capital increase by 168 …

Company News

21 June 2015 08:51 AM ADIB to discuss capital hike, Sukuk issue Sunday

  Abu Dhabi – Mubasher: Shareholders at Abu Dhabi Islamic Bank (ADIB) are scheduled to hold an ordinary general meeting (OGM) on Sunday to discuss a capital increase by 168 million shares at par value of AED 1 per share in addition to AED 2 as …

Sukuk and Islamic Finance

17 June 2015 02:53 PM ENOC secures $1.5bn loan for expansion plan

Dubai - Mubasher: Emirates National Oil Company (ENOC) has announced securing a $1.5 billion term-debt syndicated facility from local, regional and international banks.This nine-year USD and AED financing facility was fully underwritten by …

Company News