• 130,000+ trades executed on both UAE Stock Exchange markets 

Abu Dhabi: ADIB Securities, the leading Islamic brokerage firm in the UAE and a wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), has reported strong H1 2020 trading figures, processing a significantly higher number of transactions in what has proved to be one of the most volatile periods in UAE and international stock market history.

ADIB Securities processed over 130,000 trades in the first six months of 2020, an increase of 26% compared to H1 2019. Nearly 70% of these transactions were executed via the firm’s digital trading platform, which provides instant access to regional and international markets, with clients favouring equities in the real estate, financial and technology sectors.

Khaled Kurdieh, General Manager at ADIB Securities, commented: “The first half of 2020 was extraordinary as the global pandemic triggered volatility across all asset classes. At ADIB Securities, we saw short-term traders capitalizing on market fluctuations, while long-term investors repositioned their portfolios to take advantage of the potential for higher dividend yields. During this market uncertainty, we were able to leverage our digital trading tools to protect the safety and well-being of our employees while enabling customers to trade remotely with confidence.”

Ranked the number one Islamic brokerage in the UAE, ADIB Securities provides a range of products to accompany the bank’s wealth management offering. ADIB Securities provides a best-in-class trading experience, with intuitive trading tools, expert insight, and competitive rates using state-of-the-art technology.

In addition, ADIB Securities’ team of experienced professionals work closely with clients to complement the digital offering with personalised guidance. The firm allows clients to trade equities on US markets, including the New York Stock Exchange and NASDAQ, as well as providing access for customers to trade on the Saudi Stock Exchange (Tadawul), the Middle East’s largest bourse.  

-Ends- 

About ADIB

ADIB is a leading Islamic bank with more than AED 122 billion in assets. Established in 1997, the bank provides world-class, Sharia’a-compliant retail, corporate, business, private banking and wealth management solutions through award-winning digital channels and across an extensive branch network. The bank has a presence in six strategic markets, including Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan and Iraq. Its shares trade on the Abu Dhabi Stock Exchange (ADX).

ADIB has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent across all of its geographies. The bank has one of the highest Emiratization ratios and approximately 36 percent of the bank’s workforce are UAE nationals.

Named ‘World’s Best Islamic Bank’ by the Financial Times’ The Banker publication, ADIB has a rich track record of innovation based on a desire to always improve its customers’ banking experience. Amongst other benefits, the bank’s recent digital transformation programme has led to the creation of a new generation of technology-enhanced branch, ADIB Express, which combines the benefits of digital banking with a highly-personalised customer service, and Express Finance, providing qualifying customers with access to personal finance through a mobile app in less than 30 minutes.

For media information, please visit www.adib.ae  or contact:
ADIB                                                                  
Radwa Shehab                                                
Head of External Communications                                          
Direct: +971 2 6910169                                                                                                           

Brunswick Group
Sarah Abdelbary
Account Director
Direct: +971 2 234 4600

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