Please wait...
GulfBase Live Support
- Smaller manufacturers across China look to catch the automation wave
- Commercial Bank launches Qatar's 'first-ever' Metaverse Auto Marketplace on CBQ Mobile App
- Oman's telecommunications sector achieves record figures that accelerate digital transformation
- MSX reports 100% ESG disclosure compliance by listed companies
- Bank Nizwa names Deputy Chief Executive Officer
- Bank ABC named 'Transaction Bank of the Year' at UK event
- NDF seals $1.6bn deals to power Saudi Arabia's sustainable development
- Dar Al Majd to build three premium residential projects in Riyadh
- Taiba unit in deal to build 159-key hotel project in Riyadh
- Alkhorayef secures key Saudi wastewater network maintenance contract
14/03/2018 05:44 AST
The Board of Directors of Abu Dhabi Commercial Bank approved a dividend payout for 2017 of 42 per cent of the bank's capital.
Dividend payout totals Dh2.18 billion, chairman of the bank Eisa Mohammad Al Suwaidi said at the Annual General Meeting on Tuesday.
ADCB made a net profit of Dh4.27 billion in 2017 compared to Dh4.15 billion in 2016.
Al Suwaidi said last year was a challenging one when it came to the economy, oil prices and regional differences. The introduction of some new taxes also had an impact. But, despite these issues, it was good year for ADCB in terms of financial performance, he said.
"Now we have entered 2018 with optimism. Given that oil prices have shown signs of recovery and the government's fiscal position is stronger, we see growth in our operations and a rising demand for credit. These factors are encouraging and we are facing much better prospects this yea," he said.
He also said the bank is investing heavily in digitisation and is already seeing great results.
"Digitisation is very important. We realised that a long time ago and we are investing heavily on this front."
Gulf News
11/12/2025
Abu Dhabi Commercial Bank (ADCB) on Wednesday announced the successful completion of its AED6.1 billion ($1.66 billion) rights issue, following the close of the subscription period on December 4, 202
Trade Arabia
09/09/2025
The Board of Directors of Abu Dhabi Commercial Bank (ADCB) has approved a strategic rights issue to raise up to AED6.1 billion ($1.66 billion).
This initiative marks a decisive step to ac
Trade Arabia
16/07/2025
Abu Dhabi Commercial Bank (ADCB) on Tuesday reported a pre-tax profit of Dh5.94 billion for the first six months of 2025, up 18 per cent year-on-year, as the bank's strategic initiatives, digital tr
Khaleej Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 399.50 | 0.00 (0.00 |
| FAB | 16.50 | 0.10 (0.60 |
| EMIRATESNBD | 26.15 | 0.90 (3.56 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADIB | 20.22 | -0.02 (-0.10 |
15/12/2025
Commercial Bank has launched Qatar's first Metaverse-enabled 'Auto Marketplace' on the CBQ Mobile App.
Through this innovation, customers can now explore a fully interactive, virtual showroo
Gulf Times
15/12/2025
Bank Nizwa, a leading Islamic bank in the Sultanate of Oman, has announced the appointment of Tariq bin Atiq as its new Deputy Chief Executive Officer and Chief Operations Officer, in line with its o
Trade Arabia
15/12/2025
Bank ABC, a leading player in the region's banking industry, said it has once again been named 'Transaction Bank of the Year - Middle East in 2025' by The Banker (Financial Times), marking the third
Trade Arabia
15/12/2025
Dar Al Majd Real Estate Company (Al Majdiah) has announced that it has signed an agreement with the Jadwa Al Manzel Real Estate Fund for the development of three residential projects worth SAR265 mil
Trade Arabia
15/12/2025
Saudi-based Taiba Investments Company has announced that one of its key subsidiaries, Smart Hotel Zone Company, had signed a construction contract with Al Saad Contracting Company for a key hotel pro
Trade Arabia
Financial Information Co.
Saudi Arabia