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Leading Business Intelligence on the Middle East & North Africa

Advanced

عربي

Abu Dhabi Islamic Bank

(ADIB.ADSM)

Also known as: ADIB

Last Trade

3.41AED

+ 4.28%

Open in a new Browser

Updated: Aug 31, 2011

Country

UAE

Ownership Type

Publicly Listed

Company Type

Joint Stock

Sector Definitions

close x

Financial Services

Zawya Industry Classifications (ZIC)

Sector	Industry
Financial Services	Banking Commercial Banking Islamic (Primary Industry) Asset Management Islamic Investment Banking Investment Advisory Services Islamic Investment Firms and Funds Private Equity Firms Islamic

Principal Activities

Provides commercial banking services including deposits, loans and credit cards; investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; asset management services including fund, portfolio and wealth management; private equity investments, all in accordance with Islamic principles.

Date of Establishment Year

1997 (May)

No of Employees

N/A (1,701 Company, N/A Group, N/A Headquarters) (As of Aug 23, 2011)

No of ATMs

404

Important/Recent Developments

Operations started in November 1998

Branches

UAE (66)

Stock Market Listing

Exchange	Symbol	ID	Stock Type	Currency

Abu Dhabi SE	ADIB	ADIB.ADSM	Ordinary	AED

Contact Details

Address:

Al Bateen Building
Bainuna Street
Al Bateen Area
P.O. Box 313
Abu Dhabi
United Arab Emirates

Tel:

+971 2-610-0000

Fax:

+971 2-634-2222

Email:

adib@adib.co.ae

Website:

www.adib.ae

Related Links:

www.bbi.ba

IPO Details

Subscription
Period:

1997

Size of Offering:

$150M

Equity Offering:

55%

Lead
Managers:

The National Investor

» View Full Details

Sukuk Details

Sukuk Name:

ADIB Sukuk (Tranche 1)

Type of Structure:

Musharaka

Issue Size (mil):

USD 800.00

» View Sukuk Profile & Prices

Sukuk Name:

ADIB Sukuk (Tranche 2)

Type of Structure:

Musharaka

Issue Size (mil):

USD 750.00

Oversubscription:

4.8 x

» View Sukuk Profile & Prices

Sukuk Name:

ADIB Sukuk (Tranche 3)

Type of Structure:

Musharaka

Issue Size (mil):

USD 500.00

Oversubscription:

4 x

» View Sukuk Profile & Prices

M&A Details

Acquistion

Status

Confirmed

Acquirer

Abu Dhabi Islamic Bank

Target

National Glass and Crystal Company

Announcement Date

17 Apr 2011

Closing Date

17 Apr 2011

» View Details

Business Overview

Abu Dhabi Islamic Bank (ADIB) provides commercial banking services including deposits, loans and credit cards; investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; asset management services including fund, portfolio and wealth management; private equity investments, all in accordance with Islamic principles.

, one of ADIB’s wholly owned subsidiaries provides shariah-compliant real estate property investment, development, and management services, real estate business consulting services, ownership and operation of hotels, and Islamic asset management services including fund and portfolio management.

ADIB grew its total revenues by 17.75% to AED4.12 billion (USD1.12 billion) and its net profits by 1,215.73% to AED1.02 billion (USD277.6 million), in 2010.

Major Shareholders

Section Updated: 28Oct11

Name	Type	Country	Holding
Emirates International Investment Company	Corporate	UAE	40.66%
Abu Dhabi Investment Council	Government	UAE	7.61%
Al Qasimi Group	Corporate	UAE	-
Public		UAE	51.73%

Note: Al Qasimi Group's shareholding is part of the public stake.

Foreign Ownership Limits

100%

Nationals

GCC Nationals

Other Arabs

Foreigners

GCC Nationals

Foreigners

Direct Investments and Related Entities

Subsidiaries/Associates/Affiliates

Name	Country	Holding
ADIB Invest I	Virgin Islands (British)	100.00%
Burooj Properties	UAE	100.00%
Kawader Services Company	UAE	100.00%
ADIB Securities	UAE	95.00%
National Development Bank	Egypt	49.00%
Abu Dhabi National Takaful Company	UAE	40.00%
Bosna Bank Real Estate Company [BBI Leasing and Real Estate]	Bosnia-Herzegovina	32.00%
Bosna Bank International [BBI]	Bosnia-Herzegovina	27.00%

Investments

Name	Country	Holding
Bank of Khartoum	Sudan	3.20%
Manazel Real Estate	UAE	-
National Glass and Crystal Company	Egypt	-

Representatives

Auditors

Ernst and Young Abu Dhabi

Law Firms

Hadef Al Daheri Legal Consultants and Advocates

Financial Results	31-Dec-09	31-Dec-10	Yr on Yr
	AED'000	AED'000	change (%)
Total revenues	3,498,225	4,119,023	17.75
Net profit	77,778	1,023,345	1,215.73
Total assets	64,084,004	75,257,518	17.44
Paid-up capital	1,970,588	2,364,706	20.00
Shareholders' Equity	5,141,681	6,107,577	18.79
Shares outstanding	1,970,588	2,364,706	20.00
Note: Current shares outstanding is 2,364,705,876
» View Full Financials