Abu Dhabi Islamic Bank - UAE

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Recent Articles

• Saudi Saad's sukuk investors mull setting up committee14 July 2009

  Investors in troubled conglomerate look for representation at creditor meetings.

• Bank Islam plans to raise $149.5m via share sale11 April 2009

  Dubai Islamic Investment Group, with 40% bank stake will get preference.

• Al Ghurair Group seals loan facility8 April 2009

  Syndicated loan facility to be used to fund further expansion of Dubai’s mixed use Al Ghurair City.

• ADIB converts $599m to regulatory capital29 March 2009

  Abu Dhabi Islamic Bank secures AED2.2bn in emergency government deposits - CEO.

• EIIC targets energy and agribusiness sectors2 March 2009

  Emirates International Investment Co eyes large acquisitions in UAE and emerging markets.

• Lending restrictions expected to be eased in Abu Dhabi7 February 2009

  Abu Dhabi's five largest banks are expected to ease lending restrictions to investors this week.

• Bank arranges $395mn university financing deal13 January 2009

  Abu Dhabi Islamic Bank confirms agreement for Zayed University campus plan.

• Abu Dhabi Islamic Bank's expansion plans14 December 2008

  Buoyant demand for Islamic banking fuels growth plans amid global turmoil.

• Abu Dhabi Islamic Bank posts 57% profit rise20 October 2008

  Q3 performance revealed, earnings of 736mn dirhams so far in 2008 also up on 2007.

• Abu Dhabi Islamic Bank to finance Sudan industrial project27 July 2008

  Lebanon's Banque Audi also involved in $130mn cement plant.

• Abu Dhabi Islamic Bank Q2 profit surges 53%15 July 2008

  Core banking operations produce second best quarterly results, income $75mn.

• Burooj to triple capital, plans 2010 IPO13 May 2008

  CITYSCAPE: Abu Dhabi Islamic Bank property arm to raise capital to $408mn, MD says.

• Increased lending boosts Dubai Islamic profit29 April 2008

  Bank sees Q1 profit rises 31% to $151.4mn, helped by lending to UAE's realty sector.

• Abu Dhabi Islamic profit up as payouts fall27 April 2008

  Sharia lender posts second largest profit ever as Q1 income rises 47% to $66.5mn.

• Trading dries up as Gulf markets continue fall23 March 2008

  Investors await first quarter results and remain on edge over global slowdown.

• Sharjah joins the property development race 30 December 2007

  Two exclusive Arab developments within the Sharjah region were announced last week at the Acres Middle East Investment and Real Estate Exhibition in Sharjah.

• UAE dirham nears five-year high24 September 2007

  Dirham bids strongest since November 2002 as speculation over Gulf currency revaluation continues.

• Abu Dhabi Islamic Bank MD resigns2 September 2007

  Ahmed Darwish Al-Marar steps down after the lender last week named his successor.

• ADIB names CEO, MD27 August 2007

  Abu Dhabi Islamic Bank announces appointment of first chief executive, new managing director.

• Burooj Properties rolls out Jordan investment11 May 2007

  Abu Dhabi Islamic Bank subsidiary, Burooj Properties, has launched property investment products within its ‘Burooj Jordan' project, which is located in Al Jeezah in the south of the capital, Amman.

• UAE waiting on National Bank for Development bid17 April 2007

  Abu Dhabi Islamic Bank says it has not heard from Egypt's central bank about its consortium's bid.

• Egyptian bank shareholders "positive" about UAE bid15 April 2007

  Private shareholders in Egypt's National Bank for Development are interested in a bid for the bank from a consortium led by Abu Dhabi Islamic Bank, an Egyptian official said on Saturday.

• Marina Rise launched on Al Reem14 April 2007

  US $2.4 billion development - designed by Khatib & Alami - comes at the same time as developer's stock offering.

• UAE consortium bids for Egyptian bank12 April 2007

  Abu Dhabi Islamic Bank is part of the consortium bidding for the National Bank for Development.

• UAE bank may buy Egypt lender9 April 2007

  Abu Dhabi Islamic Bank has said it is considering buying Egypt's National Development Bank.