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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."
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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 |
18/12/2025
Qatar International Islamic Bank (QIIB) listed its sukuk on the Qatar Stock Exchange (QSE) Wednesday, marking a landmark milestone as the first Islamic sukuk to be traded in the QSE's history.
Gulf Times
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stc Group, a leading digital enabler in Saudi Arabia, has signed a new five-year master frame agreement (MFA) with Ericsson to accelerate the delivery of advanced digital infrastructure and boost tec
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Tabreed, the world's leading district cooling company, has announced a new sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure.
Th
Trade Arabia
18/12/2025
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, said it has successfully commenced trading on Boursa Kuwait's Premier Market following the completion o
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Gulf Bank announced the graduation of the first cohort of its Risk Management Academy, launched in collaboration with Gulf University for Science and Technology (GUST), marking a step that reflects t
Kuwait Times
Financial Information Co.
Saudi Arabia