ABU DHABI / WAM Shareholders of Abu Dhabi Islamic Bank (Adib) have elected a new board of directors at the annual general meeting. They also approved the distribution of cash dividends of 31.1155 fils per share, which represents 48.5 percent of the bank’s net profit for the fiscal year ending December 31, 2021. During the meeting, Adib general assembly ...

  ABU DHABI / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. This milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a key ...

  ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) will adopt FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed equities as part of its strategy to align to global standards and attract more international investors. The introduction of the ICB is part of the transition of ADX indices to the co-branded FTSE ADX index series, under ...