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Company News - Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank Appoints Mr.Tirad Mahmoud As CEO (3 February 2008)
Given his extensive experience and understanding of the financial services industry in the MENA region and the GCC in particular, Tirad Mahmoud will play a vital role in spearheading ADIB’s growth initiatives.

Abu Dhabi Islamic Bank Concludes Its Visa Covered Card Campaign (14 January 2007)
Recipient of the grand prize was Humaid Salem Al Marshoudi, UAE national, who won AED 250,000; in addition to 5 winners who won weekend stays at either Fairmont Hotel in Dubai or Emirates Palace in Abu Dhabi; and 5 winners of AED 10,000 to be credited to their visa card accounts.

Abu Dhabi Islamic Bank Launches Its New Umra Campaign (17 December 2006)
The launch of the campaign is a collaborated effort between several governmental institutions in the capital that aim to serve and develop the community.

Abu Dhabi Islamic Bank Reveals Remarkable Profits And Immense Performance Throughout Quarter 1, 2006 (1 July 2006)
The Earnings Per Share has also risen from AED 0,345 by end of March 2005 to AED 1,302 by end of March 2006, a growth rate of 277%

Abu Dhabi Islamic Bank announces the winners of its ’Visa Covered Card’ campaign (12 April 2006)
Eleven lucky winners were rewarded prizes ranging from AED 250,000 to AED 10,000 cash credited to their Visa card accounts plus vouchers for weekends at Emirates Palace Hotel, Abu Dhabi or Fairmont Hotel in Dubai.

Abu Dhabi Islamic Bank launches Covered Card promotion (24 January 2006)
The entrant will also be eligible to participate in the grand prize draw of AED250,000 in cash plus a return of 1% from his purchases to his card account.

Abu Dhabi Islamic Bank Opens State Of The Art Branch In Mina (28 December 2005)
Opening the new branch has been put forward as the bank’s strategy to enlarge their geographical presence and offer customers the complete list of services to suit their financial needs.

Abu Dhabi Islamic Bank Reveals Remarkable Profits and Immense Performance Throughtout 2005 (27 December 2005)
This remarkable growth in profit comes as result of the expansion plans and growth in assets the bank had adopted earlier last year, where the later has grown by 75% amounting to AED 22.2 billion compared to AED 12.7 billion in 2004.

Abu Dhabi Islamic Bank Continues To Expand With New Full Service Branch In Khorfakkan (9 November 2005)
“The new branch in Khorfakan will be an opportunity for us to present our wide range of Shari’a compliant banking services to both residents and visitors of Khorfakan.” Said a spokesperson of ADIB.

Abu Dhabi Islamic Bank Postpones Customer’s October Murabaha instalments (12 October 2005)
The decision was made in order to strengthen the bond between the bank and its clients, as well as to enhance ADIB’s social role in sharing with their clients the spirit of Eid.

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