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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
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
05/02/2018
Abu Dhabi Islamic Bank (ADIB) today reported a record net profit of Dh2.3 billion ($626.2 million) for the year ended December 31, 2017, up 17.7 per cent from 2016, driven by higher income from fees,
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 402.00 | 1.00 (0.24 |
| FAB | 14.04 | 0.48 (3.53 |
| EMIRATESNBD | 20.45 | 0.05 (0.24 |
| ADCB | 11.32 | 0.32 (2.90 |
| EIB | 12.25 | 0.00 (0.00 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
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
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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