Abu Dhabi Commercial Bank PJSC (ADCB)

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News

15 June 2025 02:34 PM SNB to issue USD-denominated Tier 2 capital notes; UAE-listed lenders participate

Riyadh - Mubasher: The Saudi National Bank (SNB) intends to issue USD-denominated Tier 2 capital notes under its Euro Medium Term Note (EMTN) program. The proceeds aim to enhance the bank’s Tier 2 capital and boost its financial as well as …

Banking and Finance

3 June 2025 07:51 AM Al Seer Marine boosts LPG logistics via new JV co-financed by ADCB

Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company has partnered with B International Shipping & Logistics, an affiliate of top energy trader BGN, to launch a joint venture ‘ASBI Shipping FZCO’. This new JV will own and operate …

Companies Investments

5 March 2025 03:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake

Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …

Banking and Finance

28 January 2025 00:21 PM ADCB logs AED 9.4bn profits in 2024, unveils plans to double earnings

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) achieved net profits worth AED 9.41 billion in 2024, up 15% year-on-year (YoY) from AED 8.20 billion. Total net interest and Islamic financing income grew by 7% to AED 13.22 billion as of 31 …

Banking and Finance

9 January 2025 04:22 PM Aldar issues $1bn hybrid notes; regional, international investors partake in issuance

Abu Dhabi – Mubasher: Aldar Properties has priced its inaugural $1 billion hybrid capital issuance, attracting robust demand from a wide range of regional and international investors, according to a press release. The issuance by Aldar at a public …

Global Economy

2 January 2025 05:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included

Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …

Bonds

17 December 2024 06:59 PM Leading UAE banks, international entities among arrangers for VakıfBank’s $870m equivalent facilities

UAE – Mubasher: Türkiye Vakıflar Bankası T.A.O. (VakifBank), the second largest bank in Türkiye in terms of asset size since YE2020, is pleased to announce the successful signing of its 367-day $518.50 million and EUR 331.40 million Sustainable …

Global Economy

15 December 2024 11:14 AM SEC obtains $3.6bn facility deal co-led by listed lenders

Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a $3.60 billion (to SAR 13.50 billion) international syndicated credit facility agreement on 12 December 2024. The company will use the proceeds of the loan to finance general corporate …

Banking and Finance

23 October 2024 03:12 PM ADCB logs 19% higher profits at AED 6.8bn in 9M-24

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) recorded net profits valued at AED 6.84 billion in the first nine months (9M) of 2024, higher by 19% than AED 5.75 billion in 9M-23. The UAE-based lender posted a 15% growth in operating …

Financial Results

26 August 2024 03:32 PM Three listed lenders participate in SEC’s $4bn funding

Riyadh – Mubasher: Saudi Electricity Company (SEC) obtained $4 billion (SAR 15 billion) in international syndicated revolving credit facilities on 25 August 2024, according to a bourse filing. A number of regional and international lenders …

Companies Investments

13 August 2024 02:14 PM Waha Capital raises $400m facility from 4 lenders

Abu Dhabi – Mubasher: Waha Capital has successfully refinanced its $400 million revolving credit facility with the support of four local and regional banks, according to a press release. The new facility, which holds a three-year tenor, can be …

Banking and Finance

24 July 2024 00:16 PM ADCB bolsters presence in Central Asia via new hub in Kazakhstan

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) established a hub in Kazakhstan for its Shari’ah-compliant corporate banking services, according to a press release. The hub aligns with the DFM-listed lender’s objectives to expand its …

Companies Investments

18 July 2024 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …

Financial Results

27 June 2024 05:59 PM ADCB’s Al Hilal Bank collaborates with ADX to launch service for IPOs

Abu Dhabi – Mubasher: Al Hilal Bank, a subsidiary of the Abu Dhabi Commercial Bank (ADCB) Group has teamed up with Abu Dhabi Securities Exchange (ADX) to initiate instant subscriptions to all Sharia-compliant initial public offerings (IPOs) on the …

Banking and Finance

19 June 2024 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update

Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …

Global Economy

22 April 2024 11:47 AM ADCB’s brand value hits AED 10.5bn in 2023

Abu Dhabi – Mubasher: The value of Abu Dhabi Commercial Bank’s (ADCB) brand grew 8.70% year-on-year (YoY) to AED 10.50 billion in 2023. The bank ranked 109th in the 2024 Banking 500 report from Brand Finance, moving up four places from last year, …

Ratings

1 February 2024 02:03 PM ADCB’s profits up 28% in 2023; dividends recommended

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) posted net profits worth AED 8.20 billion in 2023, up 28% year-on-year (YoY) from AED 6.43 billion. The operating income reached AED 16.86 billion last year, higher by 18% than AED 14.34 …

Banking and Finance

17 January 2024 11:52 AM ADCB expands regional footprint with new branch in Saudi Arabia

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has received an in-principle approval from the Saudi Council of Ministers to inaugurate a branch in Riyadh, according to a press release. Subject to final regulatory approvals, the new launch …

Companies Investments

29 November 2023 00:11 PM ADCB more than triples 2030 sustainable finance target to AED 125bn

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has joined the Net Zero Banking Alliance (NZBA) to back the UAE’s net zero by 2050 initiative, according to a press release. ADCB has more than tripled its sustainable finance commitment to …

Companies Investments

23 November 2023 01:28 PM ADCB backs growth plans via $750m additional Tier 1 bond

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has successfully priced an Additional Tier 1 (AT1) bond with an amount of $750 million. The issuance will boost the lender's capital base to support further growth in line with its new credit …

Companies Investments

26 October 2023 09:31 AM ADCB’s net profits leap to AED 5.75bn in 9M-23

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) recorded a 24% surge in net profit to AED 5.75 billion during the first nine months (9M) of 2023, compared to AED 4.64 billion in the year-ago period. Operating income widened by 23% …

Financial Results

7 September 2023 01:35 PM ADCB issues $650m green bonds to back UAE net zero economy

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has priced $650 million green bonds to support UAE’s transition to a net zero economy, according to a press release. ADCB will use the proceeds to finance eligible green assets in accordance …

Companies Investments

23 August 2023 11:14 AM Six UAE lenders endorse green economy via AED 190bn financing

UAE – Mubasher: Six UAE lenders contributed to green financing with a total of AED 190 billion ($51.80 billion) by the end of 2022, the UAE Banks Federation (UBF) announced. The lenders are First Abu Dhabi Bank (FAB), Abu Dhabi Commercial …

Macroeconomics

18 April 2023 02:20 PM ADCB’s profits to owners hike 27% in Q1-23 unaudited financials

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) generated net profits attributable to the shareholders worth AED 1.87 billion in the first quarter (Q1) of 2023, an annual leap of 27% from AED 1.48 billion. The operating income enlarged by …

Banking and Finance

23 March 2023 00:11 PM ADCB’s general assembly nods to 2022 dividends

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) obtained the approval of the general assembly meeting to pay dividends amounting to AED 3.82 billion, equivalent to 55 fils per share, for 2022. The shareholders greenlighted cash dividends …

Banking and Finance