Abu Dhabi Islamic Bank increases its ownership in ADIB Egypt to more than 52%

Thu 05-01-2023 11:56 AM

ABU DHABI, 5th January, 2023 (WAM) — Abu Dhabi Islamic Bank (ADIB) has announced the increase of its ownership in ADIB Egypt to more than 52%.

In a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday, ADIB stated that it had acquired 9.6 million shares from National Investment Bank (NIB), representing 2.4% of ADIB Egypt’s share capital.

The deal has raised ADIB UAE’s ownership in the Egyptian unit to 52.607%.

Esraa Esmail/ Rola AlGhoul

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