SectionEgypt overview
Abu Dhabi Islamic Bank – Egypt (ADIB)
Islamic bank in Egypt, majority-owned by Abu Dhabi Islamic Bank.
TickerADIB
ExchangeEGX
SectorBanks
CurrencyEGP
About ADIB Egypt
Abu Dhabi Islamic Bank – Egypt is a Sharia-compliant bank that is majority-owned by Abu Dhabi Islamic Bank of the United Arab Emirates. It was formerly the National Bank for Development before ADIB acquired control.
The bank offers Islamic retail and corporate banking products, and it has grown quickly over recent years as demand for Sharia-compliant finance has expanded in Egypt.
Its performance is linked to Egyptian interest rates and credit growth, as well as to capital support and strategy from its Emirati parent.