Abu Dhabi lenders First Gulf Bank (FGB) and Abu Dhabi Islamic Bank posted rises in second-quarter net profits on Wednesday, beating analysts' forecasts.
FGB, the second largest lender by market value in the United Arab Emirate
Abu Dhabi Islamic Bank expects double-digit growth this year as it expands locally and into Iraq and Egypt to be among the top three sharia-compliant lenders in the Middle East, its CEO said.
"We are definitely looking at double-digit grow
Abu Dhabi Islamic Bank said on Sunday Ahmed Darwish Al-Marar had resigned as managing director after the lender named his successor.
The bank said last week that Khamis Buharoon, a former chief executive of Commercial Bank International, w