ABU DHABI / WAM Abu Dhabi Commercial Bank PJSC (ADCB) announced on Wednesday its financial results for the third quarter of 2024, reporting a 30 percent increase in profit before tax, reaching AED7.702 billion during the first nine months of the year. The bank’s net profit after tax stood at AED6.846 billion. In a statement, ADCB highlighted its continued strong …

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has raised almost $200 million assets under management (AUM) through a new Fixed Maturity Portfolio (FMP) — marking record subscription levels. The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023, as well as the bank’s first Shari’ah-compliant FMP. Launched to …

DUBAI / WAM Nasdaq Dubai welcomed the listing of $500 million Sukuk issued by Dubai Islamic Bank (DIB). The additional Tier 1 (AT1) Sukuk was issued at a profit rate of 5.25 percent per annum and received strong investor demand, resulting in substantial oversubscription. This strategic issuance reinforces DIB’s leadership in the global Islamic finance sector, providing additional capital to …