Abu Dhabi Islamic Bank - Egypt News - Mubasher Info
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05 April 06:48 AM

Abu Dhabi Islamic Bank - Egypt (ADIB)

Last update: 2 April 02:29 PM market time.
38.88
-0.12
-0.31%
Open 39.02
Previous Close 39.02
High 39.10
Low 38.51
Stock Statistics
Volume 666,568
Turnover 25,915,262.00
All data are 15 minutes late during market session

News

21 January 2015 11:15 AM ADCB, ADIB to release annual financials Jan. 25
Abu Dhabi-Mubasher: Abu Dhabi Commercial Bank (ADCB) and Abu Dhabi Islamic Bank (ADIB) announced today that they will hold board meetings on Sunday, January 25, to review annual financial statements.ADCB reported AED 3.18 billion net earnings for …
Financial Results
14 January 2015 00:43 PM ADIB gains on rumours of Citigroup subsidiary buy in Egypt
 UAE – Mubasher: Abu Dhabi Islamic Bank (ADIB) added 1.62% on the Abu Dhabi Securities Exchange (ADX) following news that the Bank is seeking to purchase the retail banking activities of Citigroup Egypt.Citigroup received 10 offers from banks …
Company News
30 December 2014 02:10 PM $3.3bln earnings predicted for 21 companies in 2014
By Ramy Sameeh:Cairo-Mubasher: In its earnings preview report, EFG-Hermes expected earnings of 21 listed companies that it covers to reach more than EGP 24 billion ($3.3 billion) in 2014.It also forecasted total revenues to hit EGP …
Stock Evaluations
29 December 2014 11:43 AM NBK Capital starts ADIB Egypt with Buy, EGP8.80/share FV
NBK Capital initiated coverage of ADIB Egypt (ADIB) with a “Buy” recommendation and a fair value of EGP 8.80 per share, implying 17% upside potential. ADIB is the third-largest Islamic bank and the 12th largest bank in Egypt in terms …
Stock Evaluations
22 November 2014 00:36 PM ADIB named ‘Islamic Bank of the Year’
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has received the prestigious ‘Islamic Bank of the Year 2014’ award for the second consecutive year from the International Financial Law Review (IFLR), …
Company News
11 November 2014 08:27 AM UAE banks mull acquisition of Citibank Egypt retail unit
Three UAE banks operating in the local market are getting ready to compete over the individual financing portfolio of Citibank – Egypt, after the mother company announced plans to exit consumer banking services in 11 markets including …
Company News
10 November 2014 02:31 PM ADIB-Egypt 9M consolidated profit jumps 156%
The board of Abu Dhabi Islamic Bank (ADIB) – Egypt endorsed consolidated financial indicators for the first nine months of FY14.The bank reported a surge by 156% in net profit to EGP 177.1 million, compared with EGP 69.3 million in the …
Financial Results
5 November 2014 03:18 PM Assiut Islamic sells ADI Lease stake to ADIB for EGP5.6m
Assiut Islamic Trading Co. announced carrying out an equity transfer transaction for its shareholding in ADI Lease to ADIB-Egypt.A total of 1 million shares were sold at EGP 5.56 each, totaling EGP 5.6 million. ADIB-Egypt had previously …
Mergers and Acquisitions
23 September 2014 04:45 PM ADIB – Egypt purchases 1.3 mln shares of ADI Lease
Abu Dhabi Islamic Bank – Egypt (ADIB) said it purchased 1.358 shares of ADI Lease at EGP 5.56 each, totaling EGP 7.552 million. The bank said in a statement that it purchased 100 thousand shares in the second and final stages from the …
Corporate Actions
22 September 2014 02:50 PM Assiut Islamic set to sell ADI Lease stake to ADIB in EGP12.6mln deal
Assiut Islamic Trading Co. announced that it is set to carry out an equity transfer transaction for its shareholding in ADI Lease to ADIB-Egypt.A total of 2.258 million shares will be sold at EGP 5.56 each, totaling EGP 12.6 …
Corporate Actions
22 September 2014 10:48 AM El Kahera El Watania set to sell Adiles stake for EGP 556 THD
El Kahera El Watania Investment said it is close to selling 100 thousand shares of Adiles Leasing to Abu Dhabi Islamic Bank – Egypt (ADIB) at EGP 5.56 each, totaling EGP 556 thousand.The bank had earlier said the deal of purchasing …
Company News
14 September 2014 04:05 PM ADIB-Egypt offers EGP610mln financing for Maridive, Egyptian Drilling
Abu Dhabi Islamic Bank (ADIB) – Egypt and its subsidiary ADIB Capital announced on Sunday signing two financing agreements with Egyptian Drilling Company and Maridive and Oil Services at a total value of EGP610 million ($85 …
Company News
12 September 2014 02:50 PM ADIB-Egypt tops Egypt’s Islamic banks by ROE, ROA
Abu Dhabi Islamic Bank – Egypt has ranked first among Islamic banks operating in Egypt in terms of return on equity (ROE) and return on assets (ROA), outpacing the outpacing the performance of the two rivals Al Baraka Bank Egypt and …
Company News
8 September 2014 11:37 AM ADIB Egypt posts 245% surge in H1 net income to EGP117 million
Abu Dhabi Islamic Bank (ADIB) Egypt announced its financial results for the first half of 2014. It reported net income of EGP 117 million, with an increase of EGP 82.9 million, or 245% compared to the same period of 2013. Also the Net …
Financial Results
19 August 2014 10:42 AM Maridive gets $25 mln loan from ADIB-Egypt
Maridive and Oil Services has secured a $25 million loan from Abu Dhabi Islamic Bank (ADIB) – Egypt, said a source close to the deal.Maridive Chief Financial Officer Emad Fawzy said the facility will be used in financing the company’s …
Corporate Actions
18 August 2014 03:03 PM ADIB Egypt Q2 revenues, loan growth ahead of estimates – EFG
In a report issued on Abu Dhabi Islamic Bank (ADIB) – Egypt, EFG-Hermes said the bank’s Q2 revenues, provisions write-backs and loan growth came ahead of its estimates.“ADIB Egypt’s 2Q2014 net income, of EGP53 million, increased 56% …
Company News
11 August 2014 10:31 AM ADIB-Egypt H1 profit surges 170% to EGP114 mln
The board of Abu Dhabi Islamic Bank (ADIB) – Egypt ratified financial indicators for H1-14, showing that net profit jumped 170% to EGP 114.3 million from EGP 43 million reported in the same period a year earlier.The lender recorded EGP …
Financial Results
7 August 2014 05:15 PM ADIB-Egypt board to review H1 financials Sunday
Abu Dhabi Islamic Bank – Egypt will hold a board meeting on Sunday, August 10, to look into financial statements for the H1-14.The bank had posted a surge by 485% in Q1 net profit to EGP 59.7 million, compared with EGP 10.2 million net …
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