Dubai Islamic Bank (DIB) News - Mubasher Info
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07 April 01:59 PM

Dubai Islamic Bank (DIB)

Last update: 02:55 PM market time.
7.45
0.02
0.27%
Open 7.44
Previous Close 7.43
High 7.52
Low 7.39
Stock Statistics
Volume 5,510,482
Turnover 41,143,643.93
All data are 15 minutes late during market session

News

DIB's net income grew by 13% to AED 9.266 billion
13 February 2020 11:07 AM DIB reports higher net profits at AED 5.102bn in 2019; dividends proposed
Dubai – Mubasher: Dubai Islamic Bank (DIB) reported a 2% year-on-year (YoY) increase in net profits to AED 5.102 billion in 2019 from AED 5.003 billion in 2018, according to the bank’s consolidated financial statements for 2019. The bank’s net …
Board of Directors
DIB’s issued share capital rose to 7.2 billion shares
23 January 2020 09:28 AM DIB completes takeover of Noor Bank
Dubai – Mubasher: Dubai Islamic Bank (DIB) has completed the acquisition of Noor Bank through a share swap agreement. Under the agreement, the DIB has issued 651.2 million new shares, which have been listed and admitted to trading on the Dubai …
Banking and Finance
DIB's combined assets total AED 275 billion
18 December 2019 08:41 AM DIB’s shareholders approve to acquire Noor Bank
Dubai – Mubasher: The shareholders of the Dubai Islamic Bank (DIB) consented the recommended acquisition of Noor Bank, a UAE-based Sharia-compliant bank, during the ordinary general meeting's (OGM) assembly on Tuesday. The takeover is set to …
Banking and Finance
The handover of Afnan District began in early November
4 December 2019 08:31 AM Deyaar Development, DIB to offer attractive home financing solutions
Dubai – Mubasher: Deyaar Development has collaborated with Dubai Islamic Bank (DIB) to benefit from the bank’s unique and customised home financing solutions to contribute to homeownership in Deyaar’s Midtown development. Future Midtown …
Banking and Finance
DIB’s acquisition of Noor Bank will be carried out through a strategic investment
25 November 2019 01:03 PM UAE C.bank nods to DIB’s acquisition of Noor Bank
Dubai – Mubasher: The Central Bank of the UAE (CBUAE) has approved DIB’s proposed acquisition of Noor Bank which was submitted on 18 September 2019. The Securities and Commodities Authority’s (SCA) approval has been received on 21 November to …
General Assembly
The has been 2.7 times oversubscribed
18 November 2019 09:30 AM DIB successfully closes $750m sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) managed to close a five-year sukuk issue worth $750 million with a profit rate of 2.95% annually or 140 basis points (bps) during the five-year mid swap rate.  This transaction is the bank’s second foray …
Company News
Tejari/JAGGAER will support DIB to digitally transform their procurement processes via its JAGGAER ONE
17 October 2019 11:41 AM DIB, Tejari JAGGAER collaborate to enhance automating procurement processes
Dubai - Mubasher: Tejari/JAGGAER, the world’s leading independent spend management company, announced that it has entered a three-year strategic partnership with Dubai Islamic Bank (DIB) to help the bank become a leader in automating standard …
Company News
The stock rose by 0.38% to AED 5.34
16 October 2019 09:39 AM DIB’s stock rises on 9M financial results early Wednesday
Dubai – Mubasher: Dubai Islamic Bank’s stock (DIB), listed on the Dubai Financial Market (DFM), has moved upwardly backed by its robust financial results for the period ended 30 September 2019. By 11:00 am UAE time, the stock rose by 0.38% to AED …
Stock Evaluations
The bank has recorded a net profit of AED 4.015 billion in 9M
16 October 2019 08:10 AM DIB logs AED 4bn net profit in 9M
Dubai – Mubasher: Dubai Islamic Bank (DIB), listed on the Dubai Financial Market (DFM), has posted its financial results for the first nine months of 2019. The bank has recorded a net profit of AED 4.015 billion during the nine-month period ended …
Financial Results
Aldar plans to sell sukuk with a 10-year maturity and a benchmark size of not less than $500 million
8 October 2019 02:59 PM Aldar Properties’ arm appoints banks for US dollar sukuk issue
Abu Dhabi – Mubasher: Aldar Investment Properties, a wholly-owned subsidiary of the leading Abu Dhabi-based developer Aldar Properties, has appointed a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or …
Banking and Finance
The meetings will be held in Singapore, Hong Kong, and London as of 6 September 2019
3 September 2019 08:34 AM Emaar Properties appoints banks for 10-yr sukuk issue
Dubai – Mubasher: Emaar Properties, a global leading real estate developer based in Dubai, announced the appointment of Standard Chartered Bank as sole global coordinator and Dubai Islamic Banks as Shariah advisor. The two banks will be acting …
Company News
Net profits were backed by asset growth and robust non-interest income
7 August 2019 11:38 AM UAE largest banks’ H1 profits hike on assets growth – Moody’s
UAE – Mubasher: The UAE’s four largest banks have reported a growth in their profits for the first half of 2019, which totaled AED 19 billion ($5.3 billion), according to a report by Moody's Investors Service Middle East Limited. The four banks …
Sector Reports
Net profit reached AED 2.75 million in H1-19
17 July 2019 09:15 AM DIB posts AED 2.75m profits in H1
Dubai – Mubasher: Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, reported a 13% year-on-year increase in net profit for the first half of 2019. Net profit reached AED 2.75 billion in the six-month period ended 30 June 2019, versus AED …
Banking and Finance
The port operator is also planning to issue 10-year benchmark sukuk
11 July 2019 10:48 AM DP World to raise $700m in sukuk
UAE – Mubasher: DP World, a global port operator based in Dubai, is looking to raise around $700 million via conventional and Islamic bond issues on Thursday, Reuters reported, citing documents issued by banks involved in the deal. The port …
Sukuk and Islamic Finance
The new group was inaugurated by governor of the DIFC and chairman of the DFM Essa Kazim
10 July 2019 11:26 AM DFM, DIFC launch multi-stakeholder group in Dubai
Dubai - Mubasher: The Dubai Financial Market (DFM) and the Dubai International Financial Centre (DIFC) on Wednesday launched the “Dubai Sustainable Finance Working Group” in line with the UAE Sustainable Development Goals 2030 and Dubai’s …
Corporate Actions
DP World appointed three international banks to arrange a series of investor meetings
9 July 2019 02:22 PM DP World appoints 3 int’l banks for dollar sukuk issue
UAE – Mubasher: DP World, a global port operator based in Dubai, has appointed three international banks to arrange a series of investor meetings in Hong Kong, Singapore, and London, starting Wednesday, 10 July, Bloomberg News reported. The banks, …
Event
“Emirates NBD Capital Limited was global coordinator."
29 June 2019 07:04 PM Pakistan to secure $375m loans from UAE banks
UAE – Mubasher: Pakistan has signed $375 million syndicated loan with UAE banks including conventional and Islamic banking tranches. The tranches were subscribed by a group of leading UAE banks, according to Reuters. “Emirates NBD Capital Limited …
Banking and Finance
The outlook on the bank's long-term issuer ratings remains stable
13 June 2019 08:58 AM Moody's affirms DIB’s issuer ratings; outlook stable
Dubai – Mubasher: Moody's Investors Service has affirmed the long- and short- term foreign and local currency issuer ratings of Dubai Islamic Bank (DIB) at A3/P-2. The New York-based credit rating company has also maintained DIB's baseline credit …
Stock Evaluations
The shareholders in DIB will weigh up the acquisition of 100% stake in Noor Bank
10 June 2019 08:48 AM DIB considers acquisition of Noor Bank
Dubai – Mubasher: The board of directors of Dubai Islamic Bank (DIB) has recommended during the bank’s general meeting to consider the full acquisition of Noor Bank’s shares. The shareholders in DIB will weigh up the acquisition of 100% stake in …
Corporate Actions
Fawry plans to launch all its services in the Emirati market
2 June 2019 08:02 AM Egypt’s Fawry to launch services in UAE via Dubai Islamic Bank
By: Fahd Omran Cairo – Mubasher: Fawry, a leading e-payment solutions company based in Egypt, is getting ready to launch its services in the UAE over the coming period. The Egyptian firm has collaborated with Dubai Islamic Bank (DIB) to offer its …
Companies Investments
Growth in the UAE’s banking sector is likely to near 12% by end-2019
7 May 2019 11:57 AM UAE banks post robust profit in Q1 - Analysis
By: Mahmoud Gamal Dubai – Mubasher: A number of the UAE-based banks have reported solid profits for the first quarter of 2019, overcoming major obstacles. Net profits of these banks reached around AED 10.7 billion during the three-month period …
Macroeconomics
DIB posted a 12% year-on-year profit increase in Q1-19
23 April 2019 11:00 AM DIB’s board greenlights exploring possible acquisition of Noor Bank
Dubai – Mubasher: Dubai Islamic Bank’s (DIB) board of directors agreed upon exploring the possible acquisition of Noor Bank, a UAE-based Sharia-compliant lender. The board needs to come up with the findings within three weeks, the bank said in a …
Macroeconomics
DIB’s Q1-19 financials came above analysts’ expectations.
23 April 2019 10:36 AM DIB’s stock jumps in Tuesday’s mid-trade
Dubai – Mubasher: Dubai Islamic Bank’s (DIB) stock grew 0.97% in Tuesday’s mid-session on the back of announcing the financial results of the first quarter of 2019. By 12:10 pm UAE time, DIB’s stock stood at AED 5.2 with a total turnover worth AED …
Banking and Finance
DIB’s total income hiked 26% year-on-year to AED 3.4 billion in Q1-19
23 April 2019 09:44 AM DIB logs 12% profit rise in Q1
Dubai – Mubasher: Dubai Islamic Bank (DIB) posted a 12% year-on-year increase in profits for the first quarter of 2019. Net profits of the UAE’s largest Islamic bank amounted to AED 1.3 billion in Q1-19, compared to AED 1.21 billion in Q1-18, …
Banking and Finance
MyHome aims at simplifying the home buying process
15 April 2019 01:27 PM Azizi Developments, DIB partner to provide property buying solutions
Dubai – Mubasher: Azizi Developments has teamed up with Dubai Islamic Bank (DIB) to provide investors with an exclusive property buying solution, called MyHome, across all of the real estate firm’s projects. MyHome aims at simplifying the home …
Banking and Finance