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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
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
30/01/2018
Abu Dhabi Commercial Bank (ADCB) has registered a full year net profit of Dh4.28 billion ($1.16 billion) for 2017, up three per cent over the same period the year before.
Announcing the fi
Trade Arabia
10/01/2018
Abu Dhabi Commercial Bank (ADCB), the emirate's second-largest bank by assets, raised $540 million (Dh1.98 billion) through the sale of a Formosa bond, sources told Reuters on Tuesday.
ADCB
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.10 | 0.10 (0.02 |
| FAB | 17.92 | -0.24 (-1.33 |
| EMIRATESNBD | 25.95 | -0.55 (-2.08 |
| ADIB | 23.50 | -0.10 (-0.43 |
| DIB | 9.80 | 0.10 (1.03 |
25/07/2025
Isam Al-Sager, Vice Chairman and Group Chief Executive Officer of National Bank of Kuwait (NBK), stated that the Bank reported a net profit of KD 315.3 million for the first half of 2025, marking a 7
Kuwait Times
25/07/2025
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, has announced its financial results for the first half (H1) of
The Peninsula
25/07/2025
Emirates Integrated Telecommunications Company PJSC (du) on Thursday reported that its second quarter revenues increased by 8.6 per cent year-over-year reaching Dh3.9 billion,, reflecting strong perf
Khaleej Times
24/07/2025
Bank of Sharjah posted a net profit of AED268 million ($72.96 million) for the first half of 2025, compared to AED171 million for the same period last year, representing a 57 per cent year-on-year in
Trade Arabia
24/07/2025
Multiply Group, the Abu Dhabi-based investment holding company that invests in and operates businesses globally, today (July 23) completed its first major investment in Europe with the acquisition of
Trade Arabia
Financial Information Co.
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