Abu Dhabi Islamic Bank Increases Its Ownership In ADIB Egypt To More Than 52%
Sumaira FH Published January 05, 2023 | 02:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 05th Jan, 2023) Abu Dhabi Islamic Bank (ADIB) has announced the increase of its ownership in ADIB Egypt to more than 52%.
In a disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday, ADIB stated that it had acquired 9.6 million shares from National Investment Bank (NIB), representing 2.4% of ADIB Egypt’s share capital.
The deal has raised ADIB UAE’s ownership in the Egyptian unit to 52.607%.
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