Abu Dhabi Islamic Bank (ADIB) has raised Dh504 million ($137 million) in its rights issue, which was nearly three times oversubscribed with Dh1.46 billion in subscriptions received.
The rights issue, the first tradable rights issu
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
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