Abu Dhabi Islamic Bank - Egypt (ADIB)

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News

10 February 2025 11:59 AM ADIB Egypt’s consolidated profits exceed EGP 9bn in 2024; capital raise approved

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) posted higher consolidated net profits at EGP 9.01 billion at the end of December 2024, compared to EGP 4.67 billion in 2023, according to the financial results. Basic earnings per …

Financial Results

19 November 2024 11:59 AM ADIB Egypt to invest EGP 1bn to drive digital transformation

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) plans to invest approximately EGP 1 billion in the digital sector during the upcoming period, according to a bourse filing. The announcement aligns with the EGX-listed lender’s …

Banking and Finance

11 November 2024 11:27 AM ADIB Egypt’s consolidated profits surpass EGP 6.8bn in 9M-24

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) registered EGP 6.80 billion in consolidated net profit during the first nine months (9M) of 2024, versus EGP 3.55 billion in 9M-23. Net income from funds amounted to EGP 11.03 billion …

Financial Results

12 August 2024 09:19 AM ADIB Egypt records higher profits in H1-24; assets hit EGP 210.5bn

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) posted consolidated net profits amounting to EGP 4.57 billion in the first half (H1) of 2024, versus EGP 2.16 billion in H1-23. Net interest income reached EGP 7.04 billion in H1-24, up …

Banking and Finance

27 June 2024 11:15 AM FRA approves ADIB Egypt, e-finance’s capital hike

Cairo – Mubasher: The Financial Regulatory Authority (FRA) passed the capital raise requests of Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) and e-finance for Digital and Financial Investments, according to bourse disclosures. ADIB Egypt will …

Banking and Finance

13 May 2024 00:36 PM ADIB Egypt’s consolidated profits hike to EGP 2.1bn in Q1-24

Cairo – Mubasher: The net profits attributable to the owners of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) surged to EGP 2.11 billion in the first quarter (Q1) of 2024, compared to EGP 1 billion. Net income from funds witnessed a year-on-year …

Banking and Finance

25 March 2024 03:03 PM ADIB Egypt’s shareholders nod to EGP 1bn capital raise

Cairo – Mubasher: The shareholders of Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) greenlighted the board’s proposal to raise the issued and paid-up capital by EGP 1 billion. The increase amount will be distributed over 100 million shares at a …

Management Decisions

3 March 2024 10:48 AM ADIB Egypt withdraws acquisition offer of Cairo National for Investment

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has withdrawn a mandatory tender offer (MTO) to acquire the free float shares of Cairo National for Investment and Securities company. The offer was originally submitted on 14 December …

Banking and Finance

15 February 2024 11:02 AM ADIB Egypt’s profits exceed EGP 4.6bn in 2023; capital raise proposed

Cairo – Mubasher: The consolidated net profits after tax of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) hit EGP 4.67 billion in 2023, higher year-on-year (YoY) than EGP 2.18 billion. The lender generated net income from returns valued at EGP 8.92 …

Financial Results

1 February 2024 11:21 AM solutions’ unit secures EGP 2.8bn financing deal led by ADIB Egypt

Riyadh – Mubasher: Giza Systems, a subsidiary of Arabian Internet and Telecommunication Services Company (solutions), obtained banking facilities valued at EGP 2.82 billion ($84 billion) on 31 January 2024. Giza Systems and its unit VAS secured …

Companies Investments

12 November 2023 09:54 AM ADIB Egypt posts jump in 9M-23 results; consolidated profits hit EGP 3.55bn

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) recorded consolidated net profits valued at EGP 3.55 billion in the first nine months (9M) of 2023, an annual leap from EGP 1.58 billion. Net income from funds amounted to EGP 6.24 …

Financial Results

14 August 2023 11:25 AM ADIB Egypt registers EGP 2.16bn consolidated profits in H1-23

Cairo – Mubasher: The consolidated net profits after tax of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) hit EGP 2.16 billion in the first half (H1) of 2023, higher than EGP 1.01 billion a year earlier. The net income from funds enlarged to EGP …

Financial Results

18 July 2023 06:05 PM ADIB Egypt signs $50m Murabaha deal with IFC

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) penned the first Shariah-compliant subordinated Tier 2 financing agreement valued at $50 million with the International Finance Corporation (IFC) using the Murabaha system. The …

Banking and Finance

14 May 2023 01:34 PM ADIB Egypt records over 126.5% jump in Q1-23 consolidated net profit

Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) achieved a 126.60% leap in consolidated net profit after tax to EGP 1 billion during the first quarter (Q1) of 2023, compared with EGP 444.29 million in Q1-22. The earnings per share …

Banking and Finance

13 February 2023 00:21 PM ADIB Egypt sees 51% higher consolidated profits in 2022

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) generated consolidated net profits after tax worth EGP 2.18 billion in 2022, an annual leap of 51% from EGP 1.45 billion. The interest income enlarged by 37.80% year-on-year (YoY) to EGP …

Banking and Finance

18 January 2023 11:13 AM ADIB Egypt’s issued, paid-up capital raise 93.48% oversubscribed

Cairo – Mubasher: The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) announced that subscription to its issued and paid-up capital raise was covered by 93.48%.     A total of 93.48 million shares were subscribed during the first phase of subscription, …

Banking and Finance

2 January 2023 04:26 PM UAE's ADIB ups stake in Egypt unit for EGP 155.3m

Cairo – Mubasher: UAE’s Abu Dhabi Islamic Bank (ADIB) has increased its ownership in its ADIB Egypt to 52.60% from 50.20% for EGP 155.32 million. The ADX-listed bank purchased 9.60 million shares in ADIB Egypt at an average price of EGP 16.18 per …

Companies Investments

29 December 2022 00:05 PM ADIB Egypt sees 2 block trading deals worth over EGP 170m

Cairo – Mubasher: The Egyptian Exchange (EGX) announced two block trading deals valued at EGP 170.88 million on the shares of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt). The first transaction was carried out on 9.60 million of the lender’s shares …

Banking and Finance

18 December 2022 10:25 AM NIB sells shares in ADIB Egypt for over EGP 541m

Cairo – Mubasher: The National Investment Bank (NIB) reduced its ownership in Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) to 2.40% from 10% for a total value of EGP 541.12 million. NIB sold 30.40 million shares to Respond Investment at an average …

Mergers and Acquisitions

18 December 2022 09:34 AM ADIB Egypt logs block trading deal worth over EGP 541m

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 541.12 million on the shares of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt). The transaction was executed on 30.40 million of the bank’s shares, according to a …

Trading Activities

13 November 2022 01:20 PM ADIB Egypt reports rise in 9M-22 profits

Cairo – Mubasher: Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) registered EGP 1.58 billion in consolidated net profits during the first nine months (9M) of 2022, a year-on-year (YoY) increase from EGP 1.06 billion.     Basic earnings per share (EPS) …

Financial Results

16 October 2022 10:00 AM Holding Company for Pharmaceuticals, ADIB pen EGP 3.4bn financing deals

Cairo - Mubasher: Egypt's Minister of Public Business Sector, Mahmoud Esmat, witnessed on Saturday, 15 October the signing ceremony of financing contracts aimed at developing pharmaceutical companies affiliated to the ministry.  Valued at EGP 3.40 …

Banking and Finance

5 October 2022 10:41 AM ADIB Egypt’s OGM greenlights EGP 1bn capital increase

Cairo – Mubasher: The ordinary general meeting (OGM) of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved increasing the bank’s issued and paid-up capital by EGP 1 billion to EGP 5 billion from EGP 4 billion.  The capital hike will be distributed …

Management Decisions

27 September 2022 11:34 AM Elsewedy Electric secures EGP 2bn Islamic loan from 7 banks

Cairo – Mubasher: ADI Capital, the investment banking arm of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has successfully arranged combined Islamic financing worth EGP 2 billion for Elsewedy Electric Co's subsidiaries.  ADI Capital acted as the …

Banking and Finance

4 September 2022 02:12 PM FRA nods to ADIB Egypt’s capital hike request

Cairo – Mubasher: The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has received the Financial Regulatory Authority’s (FRA) approval to proceed with the capital raise procedures.   The FRA agreed to publish the disclosure form submitted by the bank to …

Companies Investments