Friday 4 September 2015
Abu Dhabi Islamic

Abu Dhabi Islamic eyes Asia, Mena acquisitions

Abu Dhabi Islamic Bank (ADIB), which recently failed in its bid for Citigroup's Egypt retail business, is targeting acquisitions in 2016 in Asia, the Middle East, and North Africa, its chief executive said. Tirad Al Mahmoud sa


FGB, Adib beat profit estimates for Q2

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 plans Mideast, Africa growth

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


ADIB boss Marar quits after shakeup

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

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