Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

ADIB AGM approves 50% of net profit as cash dividend  Join our daily free Newsletter

MENAFN - Khaleej Times - 29/03/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN -Khaleej Times) abu dhabi islamic bank or adib announced the distribution of 30

The cash dividends represent 50 per cent of full year net profits for 2013. the annual general assembly of the bank was chaired by khalid khouri vice-chairman of adib. the board of directors report the auditors report and financial statements for 2013 were also approved at the assembly.

Abu dhabi islamic bank officials holding annual general meeting in abu dhabi on thursday. — supplied photo

Speaking on behalf of adib’s chairman jawaan awaidha suhail al khaili khaled khouri said that adib was able to deliver another year of strong growth both in profits and assets with an increase of 20.7 per cent in net profit to dh1450.2 million over the previous year and a 19.8 per cent growth in assets to dh103.2 billion.

This performance was underpinned by the main banking business which registered strong acceleration in both financing and deposits. he added that adib continueto be one of the leading banks in advocating emiratisation employing 941 uae nationals at the end of q4 2013 with a resultant emiratisation ratio of 48.31 per cent and continued to invest in a wide range of activities that benefited the community at large including the ‘smartmoney’ financial literacy programmes support for football in the uae various community outreach programmes and the sponsorship of humanitarian and cultural activities during ramadan.

“the outlook for the global economy and in particular for the gulf region and the uae has finally begun to stabilise and the picture is turning towards a period of economic stability confidence and renewed growth. we believe that through our prudent and ethical approach to business we have managed to steer a steady path through the recent challenging years and are now well positioned both in terms of our first class management team and broad range of services” he noted.

— business?khaleejtimes.com


Khaleej Times

  MENA News Headlines
 Nov 27 2015 - Oman to inaugurate its largest paint plant in DecMENAFN
(MENAFN) Oman's biggest paint factory, set up by Berger Paints India Limited in Sohar, which is the second largest paint company in India, will be officially launched in December, based on recent ...

 Nov 26 2015 - Turkey- G20 Communiqu: 34The fight against terrorism is a major priority34The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...

 Nov 26 2015 - Muslims on 39the front line39 against terror: NATOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO Secretary General Jens Stoltenberg has said it is Muslims who are on “the front line” in the fight against terrorism and extremism. ...

 Nov 26 2015 - Western Balkans 39key to fighting extremism39The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The western Balkans is “key” to stemming extremism and terrorism the president of the European Council said Wednesday. Speaking at a summit to ...

 Nov 26 2015 - Turkey- Syrian Turkmen facing 39critical39 period in battleThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Fighting between Syrian Turkmen forces and regime troops is “critical" the leader of the Turkmen opposition said Wednesday. Russian airpower is ...

 Nov 26 2015 - ISIS kills its Austrian 39poster girl39 after she attempts to flee SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) An Austrian teenager who fled to Raqqa Syria in order to join the Islamic fundamentalist terror organization Islamic State was beaten to death after ...

 Nov 26 2015 - Kuwait Spain discuss scientific cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait Institute for Scientific Research (KISR) and Spanish Nuclear Safety Council (CSN) discussed means of scientific cooperation and ...

 Nov 26 2015 - Kuwait- KNPC upgrades operations at Al Ahmadi refineryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait National Petroleum Corporation (KNPC) announced on Thursday upgrading its Fluid Catalytic Cracking Unit at Al-Ahmadi Refinery so as ...

 Nov 26 2015 - Deputy FM: Kuwait interested in tightening airport security in coordination with BritainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Deputy Foreign Minister Khaled Al-Jarallah said on Thursday Kuwaiti security authorities are keen to work with the British side for ...

 Nov 26 2015 - Al Tayer affirms DEWA's commitment to support UAE national identityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM) -- Saeed Mohammed Al Tayer MD and CEO of Dubai Electricity and Water Authority DEWA has affirmed DEWA's commitment to ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help