Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023

    Indian FM presents $550 billion progressive and inclusive Union Budget

    February 1, 2023

    Outstanding operational performance by Etihad Cargo in 2022

    February 1, 2023
    Facebook Twitter Instagram
    ME News ServiceME News Service
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    ME News ServiceME News Service
    Home » Abu Dhabi Islamic Bank increases ownership in ADIB Egypt to over 52 percent
    PR Newswire

    Abu Dhabi Islamic Bank increases ownership in ADIB Egypt to over 52 percent

    January 5, 2023
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    As part of its expansion strategy, Abu Dhabi Islamic Bank (ADIB) has announced that it will have a greater than 52% ownership stake in ADIB Egypt. As disclosed to the Abu Dhabi Securities Exchange (ADX) on Thursday, ADIB announced that it had acquired 9.6 million shares from the National Investment Bank (NIB) representing 2.4% of the shares outstanding in ADIB Egypt. ADIB UAE now owns 52.607% of the Egyptian unit of the company as a result of the deal.

    In terms of assets, ADIB is the 4th largest Islamic bank in the world and the largest bank in the United Arab Emirates. The first Islamic bank in the Emirate of Abu Dhabi was incorporated in 1997 and is headquartered and listed in Abu Dhabi. With assets totaling $39 billion, ADIB has demonstrated a consistent track record of growth over the last two decades. In addition to providing world-class digital banking services to more than 1 million customers, the bank also offers a highly personalized customer experience.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Latest News

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023

    Indian FM presents $550 billion progressive and inclusive Union Budget

    February 1, 2023

    Outstanding operational performance by Etihad Cargo in 2022

    February 1, 2023

    Vietnam-India bilateral trade reached record levels in 2022

    February 1, 2023

    Djokovic tops ATP rankings, Sabalenka No. 2

    January 31, 2023

    Pakistan mosque suicide bombing death toll rises to 88

    January 31, 2023
    © 2022 ME News Service | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.