The net profits attributable to the shareholders of Abu Dhabi Islamic Bank (ADIB Egypt) hit EGP 9 billion in 2024, an annual jump of 93% from EGP 4.673 billion.

Abu Dhabi Islamic Bank - Egypt’s (ADIB Egypt) general assembly approved obtaining subordinated financing worth $66.925 million from its main shareholder, the UAE-based ADIB.

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt will invest EGP 1 billion in the upcoming period, expanding its investments in technological infrastructure and digital transformation.

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has been awarded the title of "Best Islamic Financial Institution in Egypt" by Global Finance Magazine for the seventh year in a row.

Abu Dhabi Islamic Bank (ADIB Egypt) posted a 91.48% year-on-year (YoY) increase in its consolidated net profits after tax and non-controlling interest in the first nine months of 2024 to EGP 6.801 billion, compared to EGP 3.552 billion.

The board of directors of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has approved to receive a seven-year subordinated financing of $66.925 million from the UAE’s ADIB.

Abu Dhabi Islamic Bank Egypt (ADIB) reported a 111.24% year-on-year (YoY) increase in consolidated profits after tax and non-controlling interests for the first half (H1) of 2024, according to the bank’s financial statements filed to the Egyptian Exchange (EGX) on August 11th.

The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 1 billion for the Abu Dhabi Islamic Bank-Egypt’ (ADIB Egypt) issued and paid-up capital.

Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) will distribute 0.2-for-1 bonus shares on July 14th instead of the previous date of July 11th.

Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) will distribute 0.2-for-1 bonus shares on July 11th.

Abu Dhabi Islamic Bank’s (ADIB Egypt) consolidated net profits attributed to the bank increased by 110.34% year on year (YoY) to EGP 2.116 billion in the first quarter (Q1) of 2024, versus EGP 1.006 billion.

Abu Dhabi Islamic Bank-Egypt’s (ADIB Egypt) extraordinary general meeting (EGM) has approved the board’s proposal to increase of the issued and paid-up capital via the distribution of 0.2-for-1 bonus shares.

Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has raised the limits for credit card transactions abroad to $3,500.

Abu Dhabi Islamic Bank-Egypt’s (ADIB Egypt) investments in government securities range between 40% and 50% of the bank’s total budget, Head of Treasury and Financial Markets Tamer Shaheen said.

Abu Dhabi Islamic Bank (ADIB Egypt) has withdrawn the mandatory tender offer (MTO) submitted on December 14th, 2023, to acquire up to 100% stake in Cairo National for Investment and Securities.

Schneider Electric and Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt) penned two memoranda of understanding (MoUs) to back sustainable projects in Egypt.

Abu Dhabi Islamic Bank Egypt (ADIB) reported a 112.65% year-on-year (YoY) increase in consolidated profits after tax and non-controlling interests in 2023, according to the bank’s financial statements filed to the Egyptian Exchange (EGX) on February 14th.

Egypt-based systems integrator Giza Systems and its subsidiary VAS Integrated Solutions have sealed a Sharia-compliant syndicated bank facilities agreement worth a total of EGP 5.5 billion with several banks, led by Abu Dhabi Islamic Bank-Egypt (ADIB Egypt).

Abu Dhabi Islamic Bank (ADIB) Egypt’s financial leasing arm ADIFinance has joined a consortium of major financial leasing firms in Egypt to offer EGP 1.3 billion in financing for the capital expansion of El Hazek Construction’s LakeView Properties and El Hazek Sons for Development and Tourism.

Abu Dhabi Islamic Bank (ADIB Egypt) has approved submitting a mandatory tender offer (MTO) to acquire up to 100% stake in Cairo National for Investment and Securities at an initial price of EGP 10.5 per share.