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26/06/1439 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
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
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | 0.00 (0.00 |
| FAB | 15.90 | -0.26 (-1.61 |
| EMIRATESNBD | 24.60 | -0.05 (-0.21 |
| ADIB | 22.12 | 0.14 (0.63 |
| DIB | 9.45 | -0.05 (-0.53 |
10/10/2025
As part of its continuous preparations for the highly anticipated Gulf Bank 642 Marathon, scheduled to take place on November 29, Gulf Bank has proudly announced the launch of the second edition of t
Kuwait Times
10/10/2025
The Saudi Water Partnership Company (SWPC) has announced that Alkhorayef Water and Power Technologies, a leading player in the kingdom's utility sector, has emerged as the preferred bidder for the Sm
Trade Arabia
10/10/2025
Saudi Aramco completed the acquisition of an additional 22.5 percent stake in Rabigh Refining and Petrochemical Co., known as Petro Rabigh, from Japan's Sumitomo Chemical Corp. for $702 million.
Arab News
09/10/2025
Once again, Boubyan Bank reinforces its global, regional and domestic digital banking leadership after being recognized with 4 prestigious awards from Global Finance, as part of its annual awards giv
Kuwait Times
09/10/2025
Guided by its philosophy that sees human capital investment as the foundation of sustainable growth, National Bank of Kuwait successfully concluded its 2025 training program for university students,
Kuwait Times
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