Abu Dhabi Islamic Bank - Egypt (ADIB)

Cairo – Mubasher: Emirates International Investments – Egypt has exited its 1.5% equity ownership in Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) on 21 November. The company sold 3 million shares in the bank for an average sale price of EGP 13.5 …

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) announced the establishment of Abu Dhabi Islamic Consumer Finance with an issued and paid-up capital of EGP 10 million.  ADIB Egypt will hold a 98% stake in the new company which will …

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) witnessed a block-trading deal worth EGP 11.66 million. The transaction included the trading of 664,488 shares, the Egyptian Exchange (EGX) said in a statement on Sunday. In the first …

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) witnessed a block-trading deal worth EGP 34.155 million.  The transaction involved the trading of 1.940 million shares, the Egyptian Exchange (EGX) said in a statement on Tuesday.  In the …

Cairo – Mubasher: Tycoon Holding acquired 84.98% of Alexandria National Company for Financial Investment in a deal worth EGP 27.75 million. The transaction involved the purchase of 4.440 million shares for EGP 6.25 apiece, Tycoon Securities …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced the execution of a mandatory tender offer (MTO) on the shares of Alexandria National Company for Financial Investment. A total of 4.440 million shares were sold for a total value of EGP 27.75 …

Cairo - Mubasher: The Egyptian Exchange (EGX) announced that 4.440 million shares of Alexandria National Company for Financial Investment have been sold in a mandatory tender offer (MTO). Earlier, Tycoon Holding offered to acquire up to 4.702 …

Cairo – Mubasher: The board of directors of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved the mandatory tender offer (MTO) submitted by Tycoon Holding for the purchase of 90% of the shares of Alexandria National Company for Financial …

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) recorded net profits of EGP 680.15 million in the first half (H1) of 2021, a 28% year-on-year (YoY) increase from EGP 530.57 million, including minority shareholders' rights.  The bank's …

Cairo - Mubasher: The board of directors of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved a decision to proceed with setting up a Sukuk company.  The company will be established with an authorised capital of EGP 100 million and issued capital …

Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) has received a mandatory tender offer (MTO) from Compass Capital to acquire the shares of Alexandria National Company for Financial Investment. The offer includes the purchase of …

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the mandatory tender offer (MTO) submitted by Zeta Investment to acquire a majority stake in Alexandria National Company for Financial Investment. The …

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that its subsidiary Alexandria National Company for Financial Investment has received an optional cash acquisition offer from Tycoon Holding. Tycoon Holding offered to acquire …

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) recorded consolidated net profits of EGP 332.22 million in the first quarter (Q1) of 2021, up by 44.22% year-on-year (YoY) from EGP 230.35 million, including minority shareholders’ …

Cairo – Mubasher: The extraordinary general assembly of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved a decision to increase the bank’s authorised capital to EGP 7 billion from EGP 4 billion. The decision is still subject to the Central Bank …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …