Abu Dhabi Islamic Bank
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| Company type | Public (ADX: ADIB) |
|---|---|
| Founded | May 1997 |
| Headquarters | , |
Abu Dhabi Islamic Bank (appr. ADIB) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates.
Establishment
Abu Dhabi Islamic Bank was established on 20th May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18th April 1999. All contracts, operations and transactions are carried out in accordance with Islamic Shari'a principles.
Capital information
ADIB commenced its operations with a paid-up capital of One Billion Dirhams divided into hundred million shares, the value of each share being ten dirhams. The shares are quoted on the Abu Dhabi Securities Market.
The Shareholders
Name of the Shareholder Percentage of Total Shares Emirates International Investment Co. LLC 40.85% Abu Dhabi Investment Council 7.61% H.H. Sheikh Hammed Bin Sultan Al-Nahyyan 2.48% H.H. Sheikh Khaled Bin Sultan Al-Nahyyan 2.44% UAE General Pension and Social Security Authority 2.31% H.E.Jawaan Awaidha Suhail Al Khaili 1.86% The estate of H.H. Sheikh Nasser Bin Zayed Sultan Al-Nahyyan 1.19% H.H. Suroor Bin Muhammad Bin Khalifa Al-Nahyyan 1.12% Tasamim Real Estate Co. LLC 1.07% Real Estate Bank 0.98% 48,000 UAE Nationals 38.09%
Board of directors
Chairman H.E. Jawaan Awaidha Suhail Al Khaili
Vice Chairman H.E. Khaled Abdullah Neamat Khouri
Board Member H.E. Khamis Buharoon
Board Member H.E. Juma Khamis Al Khaili
Board Member H.E. Ragheed Najeeb Shanti
Board Member H.E.Dr.Sami Ali Al Amri
Official Website
References
- Information about the performance of ADIB shares on Bloomberg.com [1]
- News related to ADIB and related UAE Stock market [2]
- News from Euromoney.com [3]
- ADX quote [4]
- SCA quote [5]
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