Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- ADIB approves Dh3.03 billion dividend, elects new board
- Abu Dhabi's ADQ clears way to be owner of Aramex
- Tecom Group shareholders will soon get another Dh400m as dividend
- QSE fully waives trading fees on ETFs, aims improved market liquidity
- Meeza to scale its data centre infrastructure to meet rising demand
- Nasdaq tumbles over 3% as tariffs spark slowdown fears
- Alpha Dhabi, Mubadala's Credit joint venture reaches $1 billion portfolio milestone
- Gold prices slip in Dubai as yellow metal trades below $2,900 globally
- QNB hosts Ramadan Iftar for patients at Qatar Rehabilitation Institute
- China unfazed as US launches national cryptocurrency reserve
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
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
25/01/2018
The Republic of Indonesia is considering a US dollar sukuk offering that could include the first offshore green bond from an Asian sovereign.
The joint bookrunners are Abu Dhabi Islamic Ba
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.50 | 0.00 (0.00 |
| FAB | 14.26 | -0.08 (-0.56 |
| EMIRATESNBD | 20.60 | -0.45 (-2.14 |
| ADCB | 10.20 | -0.52 (-4.86 |
| EIB | 11.95 | 0.00 (0.00 |
11/03/2025
Aramex, the Dubai-based logistics company, has been acquired by Q, marking one of the bigger corporate takeovers in the UAE.
Q Logistics is part of ADQ, the Abu Dhabi investment company with
Gulfnews
11/03/2025
The way has been cleared for Tecom group shareholders to get their share of Dh400 million - at 8 fils a share - in dividend. This is linked to the second-half of 2024.
For 2024, the Dubai co
Gulfnews
11/03/2025
With Qatar witnessing excessive demand for data centres, Meeza is scaling its infrastructure to meet the growing needs of enterprises, government agencies, and hyperscalers.
"Our upcoming da
Gulf Times
11/03/2025
Mubadala Investment Company and Alpha Dhabi Holding PJSC on Monday announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate $1 bill
Khaleej Times
11/03/2025
As part of its commitment to social responsibility and community engagement, QNB hosted an Iftar for senior citizens and children at the HMC's Qatar Rehabilitation Institute to promote solidarity and
Qatar Tribune
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia