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MarketScreener Homepage  >  Equities  >  Abu Dhabi Securities Exchange  >  Abu Dhabi Islamic Bank PJSC    ADIB   AEA000801018

ABU DHABI ISLAMIC BANK PJSC

(ADIB)
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Abu Dhabi Islamic Bank : ADIB named ‘Islamic Bank of the Year – UAE' by The Banker for third year in a row

07/18/2017 | 07:08am EDT

ADIB named 'Islamic Bank of the Year - UAE' by The Banker for third year in a row

Abu Dhabi, 18 July 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has won The Banker magazine's award for 'Islamic Bank of the Year - UAE' for a third consecutive year. ADIB was recognised by the Financial Times-owned publication and one of the world's most respected in the banking and financial industry, for the size and quality of its offering led by its innovative digital and mobile services, strong financial performance and leadership in the region's Islamic finance industry.

Investing in technology which can enhance customers' experience has been central to ADIB's growth strategy in recent years. Over 90% of the bank's transactions are now conducted via digital channels, particularly through the mobile app which has seen enrollments increase 40% in the last year. This focus on innovation has supported customer growth, leading to higher revenues and strong net profits.

Khamis Buharoon, Vice Chairman and Acting CEO of ADIB, said: 'We are delighted to win the 'Islamic Bank of the Year' award from The Banker magazine for a third consecutive year. This is one of the Islamic banking industry's most sought after accolades and further endorses the bank's commitment to delivering world-class products and services to our growing customer base. Winning this award is a testament to the dedication, innovation and entrepreneurial spirit of the entire ADIB team. Whether it is our online banking platform, mobile apps or pioneering ADIB Express branches, ADIB continues to invest in developing and launching world-class digital services which can enhance customers' banking experience.'

The Banker is the world's premier source of data and analysis for the banking and financial sectors. Read in over 180 countries around the world, it possesses a unique database of more than 5000 banks, mapping their financial strength and stability across capital ratios, profitability and performance against the peer group.

ADIB has received numerous awards recently including 'Best Premium Banking Service in the UAE' from Banker Middle East, 'Process Innovation' and 'Best Islamic Financial Institution for SMEs' by Global Finance, 'Private Bank in the Middle East for Islamic Finance' by Private Banker International, and 'Best Online Banking Services' from The Banker Middle East magazine.

Abu Dhabi Islamic Bank PJSC published this content on 18 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 July 2017 11:08:10 UTC.


© Publicnow 2017
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Financials
Sales 2021 5 192 M 1 414 M 1 414 M
Net income 2021 1 075 M 293 M 293 M
Net Debt 2021 - - -
P/E ratio 2021 16,4x
Yield 2021 1,22%
Capitalization 18 015 M 4 905 M 4 905 M
Capi. / Sales 2021 3,47x
Capi. / Sales 2022 3,25x
Nbr of Employees 0
Free-Float 52,9%
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Mean consensus HOLD
Number of Analysts 3
Average target price 5,40 AED
Last Close Price 4,93 AED
Spread / Highest target 17,6%
Spread / Average Target 9,53%
Spread / Lowest Target 1,42%
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Managers and Directors
NameTitle
Mohamed Abdel Bary Group Chief Financial Officer
Jawaan Awaidha Suhail Al-Khaili Chairman
Mamoun T. Al-Homssey Chief Information Officer
Hassan Adel Khalifa Operations Head
Adel Ahmed Al-Zarouni General Manager-Real Estate & Administration
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