Please wait...
GulfBase Live Support
- Dubai Investments announces key leadership appointments
- Sipchem picks Achilles to boost its operational excellence
- Middle East spearheading $600bn global sports market growth
- Global markets react cautiously to trade policy developments
- CBO issues Treasury Bills Worth OMR20.3mn
- Omantel, du announce activation of Oman-UAE submarine cable
- Commercial Bank, QDB sign co-operation agreement to support SMEs in Qatar
- QSE index closes higher
- Alkhorayef Highlights Opportunities for Russian-Saudi Industrial Collaboration
- Saudi Arabia issues over 80k new commercial licenses in Q2 as business activity accelerates
11/03/2025 06:57 AST
Abu Dhabi Islamic Bank (ADIB) shareholders approved a cash dividend of Dh3.03 billion, or 83 fils per share, at the bank's Annual General Assembly (AGM) on March 10. The payout represents 50% of ADIB's 2024 net profit, up from 71 fils per share in 2023.
The AGM also saw the election of a new Board of Directors for a three-year term, including Jawaan Awaidha Al Khaili as Chairman, along with Dr. Faisal Sultan Al-Shuaibi, Khalifa Matar Al-Mheiri, Abdulla Ali Musleh Al Ahbabi, Najib Youssef Fayyad, Abdul Wahab Al-Halabi, and Maha Al Qattan.
ADIB reported a 26 per cent rise in net profit before tax to Dh6.9 billion in 2024, with net profit after tax reaching Dh6.1 billion, a 16 per cent increase over the previous year. Total assets grew to Dh226 billion, bolstered by a 22 per cent increase in customer financing.
Mohamed Abdelbary, ADIB's Group Chief Executive Officer, said, "We demonstrated balance sheet strength across all key ratios, with asset quality matrix improving due to active management of legacy portfolios and strong underwriting standards."
Gulfnews
08/07/2025
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the secon
Khaleej Times
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
16/03/2018
Abu Dhabi Islamic Bank (ADIB), the emirate's biggest Sharia-compliant lender, arranged structured Islamic financing for the acquisition of an office property in the UK on behalf of a client in Saudi
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | 0.00 (0.00 |
| FAB | 16.82 | 0.00 (0.00 |
| EMIRATESNBD | 24.45 | 0.20 (0.82 |
| ADCB | 13.60 | -0.14 (-1.02 |
| DIB | 9.24 | -0.10 (-1.08 |
08/07/2025
Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational exce
Trade Arabia
08/07/2025
Dubai Investments has announced that it has promoted Mushtaq Masood to the post of Chief Operating Officer (COO). Masood was till now the Group Chief Financial Officer (CFO).
As COO, he wi
Trade Arabia
08/07/2025
Omantel, the leading provider of integrated telecommunication services in the sultanate and a regional leading telecom and technology provider in the Middle East, has announced the activation of a fi
Muscat Daily
08/07/2025
Commercial Bank, a leader in innovative digital banking solutions, has entered into a strategic co-operation agreement with Qatar Development Bank (QDB) to empower and support small and medium-sized
Gulf Times
08/07/2025
The UAE's banking sector is powering ahead with added momentum, recording the highest quarter-on-quarter increase in market capitalisation among lenders across the Middle East and Africa in the secon
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia