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- Bahrain All Share Index, Islamic Index close higher
- Ithmaar Bank reports Q1 2025 profits
- Alba posts $48.2m Q1 profit, production costs impact
- Indosat Ooredoo Hutchison pushes for Sovereign AI to power Indonesia's growth
- Dukhan Bank names QR1,000,000 Thara'a grand prize winner
- Khaled Al-Falah: NIC's AGM approves 22% cash dividend based on share nominal value
- Kuwait, Hong Kong sign 24 MoUs
- Diriyah set to offer $5.3bn worth fit-out contracts
- Swiss innovation, green tech, and art shine at Oman Sustainability Week 2025
- QSE index slips 10.84 points at market open
24/04/2025 04:45 AST
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.
The Abu Dhabi scored another win in getting its impairment costs lower by 3% to Dh106 million. Not just that, non-performing asset ratio of 3.7% is at its lowest level for ADIB since Q4-2016. This is 'due to the active re-mediation of our legacy portfolio coupled with strong underwriting standards', the bank said in a statement.
"We started the year with a strong performance, continuing the positive trajectory built over previous quarters," said Jawaan Awaidah Al Kahili, Chairman of ADIB.
"Our results are a clear reflection of our ability to grow profitably and execute our strategy with discipline. This outstanding performance was underpinned by strong revenue growth across all segments, improved cost efficiency and the best asset quality metrics we've seen to date."
Emirates NBD and RAKBank too have put up upbeat Q1-25 numbers, with banks confirming that loan demand among business and retail clients remain on solid footing.
For ADIB, the first three months saw an intake of 67,000 new customers. "Asset growth was exceptional this quarter, reflecting strong momentum in customer financing with Dh33 billion increase year-on-year," said Al Kahili. "This demonstrates our ability to capture market opportunities with speed and discipline."
Gulfnews
11/03/2025
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
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 | 401.00 | 0.00 (0.00 |
| FAB | 15.80 | 0.12 (0.76 |
| EMIRATESNBD | 21.90 | 0.65 (3.05 |
| ADCB | 12.20 | 0.30 (2.52 |
| EIB | 11.50 | 0.00 (0.00 |
15/05/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported profits for the first quarter of the year as it announced its financial results for the three-month period ended March 31.
Ithmaa
BNA
15/05/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a profit of BD18.1 million ($48.2 million) for the first quarter of 2025, a drop of 25.9% year-over-year (YoY
Trade Arabia
15/05/2025
Indosat Ooredoo Hutchison is spearheading the development of sovereign AI to elevate Indonesia's economic trajectory, according to president director and CEO, Vikram Sinha.
"Indosat has a lar
Gulf Times
15/05/2025
Dukhan Bank has announced that Saad al-Kuwari has won the QR1,000,000 grand prize in the latest draw of Thara'a, the bank's Shariah-compliant savings account.
The draw was conducted under the
Gulf Times
15/05/2025
National Investments Company held its Ordinary AGM for the fiscal year ended December 31, 2024, and immediately following this, the Extraordinary General Assembly Meeting was convened on Wednesday, M
Kuwait Times
Financial Information Co.
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