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06 March 10:14 AM

Abu Dhabi Islamic Bank - Egypt (ADIB)

Last update: 4 March 02:29 PM market time.
11.81
0.00
0.00%
Open 11.80
Previous Close 11.80
High 11.97
Low 11.65
Stock Statistics
Volume 55,906
Turnover 660,426.44
All data are 15 minutes late during market session

News

The lender’s net interest income increased to EGP 3.106 billion
21 February 10:48 AM ADIB Egypt's profit edges down in 2020
Cairo – Mubasher: Abu Dhabi Islamic Bank - Egypt (ADIB Egypt) reported net profits of EGP 1.19 billion in 2020, slightly down by 3% year-on-year (YoY) from EGP 1.22 billion, including minority shareholders’ rights. The lender’s net interest income …
Financial Results
The company receives an offer from Zeta Investment
2 February 11:20 AM Alexandria National Co for Financial Investment receives acquisition offer from UAE's company
Cairo – Mubasher: Alexandria National Company for Financial Investment has received an offer from Zeta Investment, an Emirati company, to acquire 90% of the company's capital. The Emirati company has offered a price of EGP 5.51 per share to hold …
Companies Investments
ADIB Egypt owns a total direct and indirect stake of 84.99% in the company
27 December 2020 01:27 PM Alexandria National Co for Financial Investment gets acquisition offer
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that a group of investors represented by Ahmed Farouk has offered to acquire the stake of the bank and its subsidiaries in Alexandria National Company for Financial Investment …
Mergers and Acquisitions
ADIB Egypt a total direct and indirect stake of 84.99% in the company
21 December 2020 11:17 AM ADIB Egypt’s subsidiary receives acquisition offer
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that Kayan for Sustainable Development has submitted an offer to acquire 90% of one of its subsidiaries. An offer was submitted for 90% of Alexandria National Company for …
Banking and Finance
Net interest income grew to EGP 2.335 billion
15 November 2020 01:17 PM ADIB Egypt’s profit drops to EGP 844m profit in 9M
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) achieved net profits of EGP 844.265 million in the first nine months of 2020, down by 12.7% year-on-year (YoY) from EGP 967.03 million. The bank’s net interest income grew to EGP 2.335 …
Financial Results
The lender’s net interest income increased to EGP 1.58 billion
16 August 2020 00:56 PM ADIB Egypt's profit down 19% in H1-20
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) reported a 19.4% year-on-year (YoY) drop in its net profits, logging EGP 530.57 million in the first half (H1) of 2020, compared to EGP 658.56 million. Meanwhile, the lender’s net …
Financial Results
ADIB Egypt achieved net profits of EGP 230.35 million
14 May 2020 00:05 PM ADIB Egypt’s profit falls 18% in Q1-20 initial results
Cairo – Mubasher: The financial indicators of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) showed an 18% year-on-year (YoY) drop in its consolidated profits during the first quarter of 2020. ADIB Egypt achieved net profits of EGP 230.35 million in …
Financial Results
El Kahera Housing logged net profits of EGP 85.18 million in nine months
20 February 2020 02:24 PM El Kahera Housing approves EGP 580m loan from ADIB Egypt
Cairo – Mubasher: The board of directors of El Kahera Housing approved a funding agreement worth EGP 580 million with Abu Dhabi Islamic Bank – Egypt (ADIB Egypt). The funding will be used for the payment of all dues owed to financial leasing …
Banking and Finance
The lender reported net profits of EGP 1.228 billion last year
16 February 2020 00:55 PM ADIB Egypt’s profit jumps 44% in 2019 initial results
Cairo – Mubasher: The initial financial results of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) showed a 44% year-on-year profit surge during 2019. The lender reported net profits of EGP 1.228 billion last year, compared to EGP 850.239 million in …
Financial Results
CIAF Leasing will be the issuer of $50 million worth of sukuk
3 December 2019 03:43 PM Egypt to issue 1st corporate sukuk in weeks – FRA official
Cairo – Mubasher: Egypt will issue its first corporate sukuk in the coming weeks, head of the central department for corporate finance at the Financial Regulatory Authority (FRA), Sayed Abdel Fadil, told Reuters on Tuesday. The aircraft leasing …
Sukuk and Islamic Finance
Net profits leapt to EGP 967.03 million
13 November 2019 11:55 AM ADIB Egypt’s indicators show 53% profit hike in 9M
Cairo – Mubasher: The consolidated financial indicators of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) showed a 53% year-on-year profit growth during the first nine months of 2019. Net profits leapt to EGP 967.03 million during the …
Financial Results
ADIB Egypt logged a net profit of EGP 658.6 million in H1
23 September 2019 06:21 PM ADIB Egypt inks EGP 200m deal with ORA Developers
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has signed a financing contract worth EGP 200 million with ORA Developers, Akhbar El-Yom reported on Monday.   Such funding will be used to support the development of Shiekh Zayed …
Banking and Finance
Profit may reach EGP 1bn in 2019
14 September 2019 06:42 PM ADIB Egypt considers capital increase – CEO
Cairo – Mubasher: Abu Dhabi Islamic Bank - Egypt (ADIB Egypt) is planning to increase its capital during next year, CEO, Mohamed Ali, said during an interview with Sky News Arabia. The amount of the increase is still under discussion and may reach …
Banking and Finance
The lender logged a net profit of EGP 658.6 million
1 August 2019 11:20 AM ADIB Egypt’s H1 profit jumps 74%
Cairo – Mubasher: Abu Dhabi Islamic Bank - Egypt (ADIB Egypt) reported a 74.1% year-on-year profit growth during the first half of 2019, according to the bank’s consolidated financial results. The lender logged a net profit of EGP 658.6 million in …
Financial Results
Customers deposits at Islamic banks grew to EGP 255 billion
22 June 2019 11:03 PM Egypt’s Islamic banking sector grows 15.8% YoY in Q1
By: Islam Fadl Cairo – Mubasher: Islamic banking sector in Egypt grew 15.8% year-on-year to EGP 301 billion in the first quarter of 2019. The total value of loans granted in compliance with Sharia reached EGP 226 billion in Q1-19 versus EGP 185 …
Banking and Finance
Net profits amounted to EGP 279.44 million in Q1-19
15 May 2019 01:17 PM ADIB Egypt generates EGP 279m profit in Q1
Cairo – Mubasher: Abu Dhabi Islamic Bank Egypt (ADIB Egypt) on Wednesday reported a 78% year-on-year surge in its consolidated profits for the first quarter of 2019. Net profits amounted to EGP 279.44 million in Q1-19, compared to EGP 156.78 …
Financial Results
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
Pharos Research reiterates ‘Overweight’ on ADIB Egypt on FV of EGP15.10/shr
21 February 2019 03:54 PM Pharos Research reiterates ‘Overweight’ on ADIB Egypt
Cairo – Mubasher: Pharos Research has maintained their ‘Overweight’ recommendation on Abu Dhabi Islamic Bank Egypt (ADIB) on a fair value (FV) of EGP15.10 per share. This FV reflects the bank’s valuation and the impact of rights issue projected to …
Banking and Finance
ADIB achieved profits of EGP 850.23 million in 2018
19 February 2019 00:06 PM ADIB Egypt’s FY18 profit jumps 35%
Cairo – Mubasher: Abu Dhabi Islamic Bank Egypt (ADIB) on Tuesday reported a 35% year-on-year increase in consolidated profits for 2018. ADIB achieved a profit of EGP 850.23 million from January to December 2018, compared to a net profit of EGP …
Banking and Finance
The FV of CIB was set at EGP 90 per share
16 January 2019 09:21 PM Pharos Research sets FV of 10 EGX-listed banks
Cairo – Mubasher: Pharos Research has set the fair value (FV) of 10 banks listed in the Egyptian Exchange (EGX). The FV of Commercial International Bank (CIB) was set at EGP 90 per share, with equal weight recommendation, according to Pharos’ …
Trading Activities
ADIB attributed the growth in profits to a rise in income from returns
8 November 2018 11:25 AM ADIB Egypt’s profits rise to EGP 632m in 9M
Cairo – Mubasher: The consolidated financial statements of Abu Dhabi Islamic Bank Egypt (ADIB) showed a 26% year-on-year increase in profits during the first nine months of 2018. ADIB logged EGP 632.19 million ($35.26 million) from January to …
Banking and Finance
Net profit jumped to EGP 156.7 million in the three-month period ended last March
14 May 2018 01:37 PM ADIB Egypt Q1 profit hikes 113%
Cairo – Mubasher: The financial indicators of Abu Dhabi Islamic Bank Egypt (ADIB) has shown a 113% year-on-year surge in consolidated profits for the first quarter of 2018. Net profit jumped to EGP 156.7 million in the three-month period ended …
Banking and Finance
Photo Archive
26 April 2018 06:04 PM Pharos upgrades ADIB FV to EGP29/shr
Cairo - Mubasher: Pharos has upgraded its fair value evaluation (FV) of Abu Dhabi Islamic Bank (ADIB) to EGP 29 per share, according to a recent report. The upgrade reflects the current valuation of the bank excluding any plans for a rights issue, …
Ratings
ADIB disclosed a growth of 33.4% in profits in Q4-17
25 February 2018 09:57 AM ADIB to consider FY17 proposed dividends late March
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) will hold its ordinary general meeting (OGM) on Wednesday, 21 March, to discuss the board’s recommendation of distributing 28.87% of par value as dividends for fiscal year 2017. ADIB’s board …
Board of Directors
The reserve accounts for about 1% of total credit risk
11 February 2018 00:45 PM ADIB Egypt allocates EGP 190m risk reserve
Cairo – Mubasher: Abu Dhabi Islamic Bank - Egypt (ADIB) on Sunday said that it has earmarked a risk reserve of about EGP 190 million in accordance with the Central Bank of Egypt’s (CBE) instructions. The reserve accounts for about 1% of total …
Corporate Actions