generality "Abu Dhabi Islamic" Distribution of profits depends at 3 billion dirhams

Abu Dhabi, March 10 / WAM / The General Assembly of the “Abu Dhabi Islamic Bank”, which was held today remotely and attended, adopted cash dividends of 3.030 billion dirhams, equivalent to 83% of the capital by 83 fils per share for the fiscal year 2024, compared to 71 fils per share in 2023, which is equivalent to 50% of the net profit for 2024.
The Abu Dhabi Islamic Bank had achieved net profits before the tax during the year 2024, at a value of 6.9 billion dirhams, achieving an increase of 26% on an annual basis, while the net profits after the tax reached 6.1 billion dirhams, which represents a 16% growth compared to 5.25 billion dirhams in the previous year.
The shareholders of the Islamic Bank of Abu Dhabi, during the annual General Assembly meeting, were elected a three -year board of directors.
The Board of Directors includes: His Excellency Joaan Awaida Suhail Al -Khaili, Dr. Faisal Sultan Al -Shuaibi, his successor Matar Al -Muhairi, Abdullah Ali Musleh Al -Ahbabi, Najib Youssef Fayyad, Abdul Wahab Maan Al -Halabi and Maha Muhammad Al -Qattan.
The General Assembly also adopted during the meeting the report of the Board of Directors and the report of the auditors and financial data for the year 2024 in addition to other decisions.
His Excellency Joaan Awaida Suhail Al -Khaili, Chairman of the Board of Directors of Abu Dhabi Islamic Bank, said that the bank achieved exceptional results, as his net profits before the tax reached 6.9 billion dirhams, as this significant increase in profit rates, in addition to placing strong capital, contributed to proposing profits of 83 fils per share.
He added: The record return on the rights of shareholders, which reached 28%, reflects the strength, flexibility and stability of the local economy, in addition to our focus on implementing innovative initiatives to accelerate the growth process, and we succeeded through our strong position in the market in increasing our share after the bank attracted about 216,000 new customers in 2024.
He pointed out that the bank intensified its efforts in 2024 to accelerate the sustainability plans and led targeted initiatives that strongly contributed to pushing its career in the field of environmental, social and institutional governance, including the commitment to reduce carbon emissions within the framework of the plan to achieve climate neutrality, indicating that the bank was determined through the launch of Vision 2035, a road map to move forward in the journey of transformation and survival at the forefront of the sector, as this is based The vision of technological progress, fixed concentration and dedication to the service of dealers, and deep commitment to the principles of sustainability.
Mohamed Abdel -Bari, CEO of the Abu Dhabi Islamic Bank Group, expressed his aspiration with the launch of the vision of the new group for the year 2035, to build a strong and flexible bank that keeps pace with future changes and not only meet the changing needs of the day, but expects and anticipates tomorrow’s challenges as well.

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