Abu Dhabi Islamic Bank PJSC (ADIB.AD)

Also known as:  ADIB

Emirates Islamic successfully closes US$ 500mln Sukuk issuance

The landmark issuance, rated A+ by Fitch, is listed on NASDAQ Dubai and Euronext Dublin's Regulated Market. Investors showed strong appetite which resulted in an order book that peaked at USD$ 1.2 billion, which was 2.4 times the issuance size

Press Release - 14-Nov-2021

ADIB records an 89% surge in H1 2021 net profit to AED 1.1bln

ADIB continued to demonstrate strengths and depths in its balance sheet with a 5% year-on-year increase in total assets, driven by a 7% growth in deposits and a 3% growth in gross customer financing compared to H1 2020

Press Release - 28-Jul-2021

ADIB provides financing to Rasmala Long Income Fund for the acquisition of a £28.6M (AED 148.7M) Tesco let supermarket in the UK

The property, which was constructed in 2012, extends to 100,365 sqft and is leased to Tesco Stores Limited (the UK's largest supermarket chain) on a 25-year full repairing and insuring lease with 15.8 years remaining (with no tenant break options), at a rent of £1.46m (AED 7.59M) per annum which is subject to 5 yearly index linked upwards only rent reviews

Press Release - 26-May-2021

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StocksLast Price% Change
COMM BK INT'L0.650 AED0.00
DXB COMM BK4.350 AED-2.03

Sunday Outlook: Equities, oil prices drop on COVID-19 variant fears

Sunday Outlook: Equities, oil prices drop on COVID-19 variant fears

Saudi bourse sees biggest weekly loss in over a year


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