Latest in Tag: adib Highlight
Latest in Tag: adib
Holding Company for Pharmaceuticals receives EGP 3.4bn in financing from ADIB
During the signing ceremony, Minister of Public Enterprise Mahmoud Esmat stressed the importance of investing in the pharmaceutical industry — given its strategic nature — through the projects being implemented to comply with the requirements of good manufacturing practices (GMP) in the subsidiaries.
ADIB-Egypt, SimpliFi partner to expand digital payments ecosystem in Egypt
This partnership brings SimpliFi’s innovative CaaS model to Egypt by leveraging SimpliFi’s deep technology and domain experience and strong client relationships together with ADIB-Egypt’s expertise in digital banking and understanding of the wider banking ecosystem. With the global exponential acceleration in the adoption of digital solutions, both SimpliFi and ADIB Egypt will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market.
ADIB signs MoU with Islamic Corporation for Development of Private Sector
Agreement aims to exchange knowledge, build professional capabilities in Islamic finance, and develop capital markets in Egypt
‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB
Khazna card allows money withdrawal and deposit, online payment, and payroll.
ADIB – Egypt wins 15 global awards in 2021
ADIB Egypt receives recognition for remarkable performance in Sharia compliant banking, customer service last year
ADIB Egypt reports EGP 1.196bn in net profit during 2020
Consolidated financial results for 2020 show positive indicators, despite negative repercussions of COVID-19 pandemic
ADIB-Egypt looks back on success in 2020 with unprecedented 10 awards
Global recognition awarded for ADIB-Egypt’s services, initiatives, innovation and customer excellence
ADIB-Egypt introduces innovative ‘Beat’ contactless payment device
Device to use contactless technology allowing customers to quickly, easily, and securely pay for day-to-day expenses, says CEO Mohamed Aly
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
Al Baraka Bank, ADIB, and EG Bank most negatively affected by New Banking Act: Prime Holding
Banking act may spur a wave of consolidation amongst smaller or undercapitalised banks
Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
ADIB-Egypt’s profits jump by 35% to EGP 850m in 2018
Bank to settle tax disputes of EGP 1bn by 2020, says ADIB-Egypt’s CEO
ADIB-Egypt fastest growing of three Islamic banks in Egypt
Bank’s Q1 2018 net income records EGP 159m, doubling y-o-y, 21% higher q-o-q
ADIB profits record EGP 157m end-March
Q1 saw big shift in bank’s financial performance, says CEO
Telecom Egypt signs $200m financing deal with Afreximbank, managed by ADIB
Participating in deal of this size emphasises bank’s growth strategy, says Aly
Abu Dhabi Islamic Bank to enjoy stronger capital base after robust earnings: report
Lender is set to go ahead with planned rights issue by 2020
ADIB adopts ambitious strategy to enhance its presence in Egyptian market: Aly
Bank strengthens its geographical presence by opening Thawra, Fifth Settlement branches
ADIB appoints Mohamed Aly as CEO, MD of ADIB Egypt
Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Aly as CEO of ADIB Egypt. Mohamed has over 30 years of international experience in the financial services and banking industry, having held senior leadership roles at several banks in the MENA region. Prior to joining ADIB, Mohamed was the CEO at Mashreq Bank’s Egypt business. Commenting …
Pharos Research upgrades ADIB Egypt FV to EGP 24
Pharos Research has upgraded its fair value (FV) of Abu Dhabi Islamic Bank-Egypt (ADIB) to EGP 24, with an “overweight” recommendation, according to a recent report. The FV upgrade came on the back of several positive developments, including “a forecasted strengthening momentum in lending activity with a compound annual growth rate (CAGR) of 16% over …
EGP 16bn volume of deals implemented by Abu Dhabi Islamic Capital-Egypt since 2012
The company receives an international award for its role in marketing EGP 2bn worth of funds for the EETC
ADIB posts EGP 1.852bn increase in net loans portfolio
Loans portfolio at the bank increased by 1% in Q4 of 2015, compared to Q3, and by approximately 21.9% compared to December 2014: Beltone
ADIB Egypt redistributes its network across Egypt by opening 8 new branches
Redistributing branches gives the bank a better chance to serve the Egyptian economy
ADIB Capital to arrange to loan EGPC over $100m
The loan will be used in financing the imported petroleum shipments the company receives to meet local demand
ADIB aims to lead Egypt’s Islamic banking market: Managing director
Abu Dhabi Islamic Bank (ADIB) in Egypt has achieved profits for the first time since late 2007, said CEO and managing director of ADIB Nevine Lotfy on Friday, adding that the profit represents “the fundamental shifts” of the bank after a restructuring plan six years ago. Lotfy noted that ADIB ranked the first in the …
ADIB Egypt registers first positive net income since 2007
Net income improves by EGP 958m between 2012 and 2013, marking the first year of positive net income since the Emirati consortium acquisition in 2007.
Barclays to sell UAE retail ops to Abu Dhabi Islamic Bank for $177m
Reuters – Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for an expected price of AED 650m ($177m), ADIB said on Sunday. The emirate’s largest Islamic bank said it aimed to acquire 110,000 customers through the deal, helping it expand into serving expatriates, …
Mansour: No pressure on Egypt
Interim president Adly Mansour says visiting foreign officials are not exerting pressure on the state