Abu Dhabi Commercial Bank
Ticker/ISIN
ADCB
AEA000201011
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
About Abu Dhabi Commercial Bank
About The ADCB Group
The ADCB Group is one of the UAE’s leading financial institutions, based in Abu Dhabi, UAE.
Serving over one million customers with a wide range of market-leading products and services, the ADCB Group’s core businesses are Consumer Banking, Wholesale Banking and Treasury & Investments.
With a host of award winning digital solutions and market firsts, the ADCB Group is driving digital innovation in the financial services industry, helping provide the highest levels of service and convenience to its customers and partners.
The ADCB Group operates major financial and non-financial subsidiaries. These subsidiaries include Al Hilal Bank, providing Islamic banking services for retail customers, and ADCB Egypt, providing both corporate and retail banking services.
The ADCB Group is 60.2% owned by the Government of Abu Dhabi through Mubadala Investment Company through its wholly owned subsidiary One Hundred and Fourteenth Investment Company – Sole Proprietorship LLC and trades on the Abu Dhabi Securities Exchange (ADX) under the ticker “ADCB”.
Further information on the ADCB Group can be found at www.adcb.com
Latest Pressrelease Summaries from Abu Dhabi Commercial Bank
The document is a review report and condensed consolidated interim financial information for Abu Dhabi Commercial Bank PJSC, covering the nine-month period ending on September 30, 2024.
On October 23, 2024, the Board of Directors of Abu Dhabi Commercial Bank (ADCB) held a meeting at 10:00 am. During the meeting, the board approved the bank's financial results as of September 30, 2024, and discussed various other general matters, approving them as appropriate. The correspondence was addressed to the Disclosures and Compliance Section of the Abu Dhabi Securities Exchange and was signed by Rami Raslan, the Group Company Secretary of ADCB. A copy of the communication was also sent to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority.
Abu Dhabi Commercial Bank PJSC released its earnings report and management discussion for the third quarter of 2024 on October 23, 2024. The report is available on their investor relations website.
Resolution No. 484 of 2024 announces the temporary suspension of trading for Abu Dhabi Commercial Bank (ADCB) shares. This suspension is due to the ADCB Board of Directors meeting scheduled for 10:00 on October 23, 2024, which coincides with the trading session at the Abu Dhabi Securities Exchange (ADX). Trading will be halted from 09:00 on October 23, 2024, until ADX receives the meeting results. The resolution mandates that all relevant ADX department heads implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), ADCB, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 21, 2024.
The Abu Dhabi Commercial Bank (ADCB) Board of Directors is scheduled to meet on Wednesday, October 23, 2024, at 10:00 a.m. to discuss and potentially approve the bank's financial results as of September 30, 2024, along with other general matters. As a result, trading of the bank's shares will be suspended on that day. This information has been communicated by Rami Raslan, the Group Company Secretary of ADCB, and a copy has been sent to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority. The communication is dated October 17, 2024.
Abu Dhabi Commercial Bank (ADCB) is expanding its operations in Central Asia by establishing a corporate banking hub in Kazakhstan. This initiative aims to support the region's economic growth through Shari’ah-compliant corporate banking services. ADCB's subsidiary in Kazakhstan, currently known as Al Hilal Islamic Bank JSC, will be rebranded under ADCB’s Islamic Banking arm. The bank will gradually phase out its retail banking activities in Kazakhstan, assisting customers in transitioning to alternative banking options in collaboration with regulators. ADCB's CEO, Ala’a Eraiqat, highlighted the strategic importance of this expansion, emphasizing the bank's commitment to growth and its ability to facilitate trade and investment flows. The new hub will offer a variety of corporate banking services, including financing and cash management solutions. ADCB, a leading bank in the UAE, also has operations in Egypt and is planning to establish a presence in Saudi Arabia.
The document is a review report and condensed consolidated interim financial information for Abu Dhabi Commercial Bank PJSC, covering the six-month period ending June 30, 2024.
The document is a review report and condensed consolidated interim financial information for Abu Dhabi Commercial Bank PJSC, covering the six-month period ending June 30, 2024.
Threads
Disclosures: Abu Dhabi Commercial Bank Board Meeting Results held on 14/12/2022 at 10:00
Disclosures: Abu Dhabi Commercial Bank Announcement of Board Meeting to be held on 14/12/2022 at 10:00
ADX Disclosures: ADCB Resumption Notice
Disclosures: Abu Dhabi Commercial Bank Board Meeting Results held on 24/10/2022 at 10:00
Disclosures: Abu Dhabi Commercial Bank Management Discussion and Analysis Report for the Period Ended September 30,2022
Disclosures: Abu Dhabi Commercial Bank Financial Results for the Period Ended September 30,2022
ADX Disclosures: Temporary suspension of trading on the shares of Abu Dhabi Commercial Bank
Disclosures: Abu Dhabi Commercial Bank Announcement of Board Meeting to be held on 24/10/2022 at 10:00
Disclosures: Abu Dhabi Commercial Bank Announcements
Disclosures: Abu Dhabi Commercial Bank Announcements