M anagement Discussion & Analysis – H1 2023 Financial Results
MANAGEMENT
DISCUSSION &
ANALYSIS
H1 2023 Financial Results
Abu Dhabi, UAE – 27 July 2023
1M anagement Discussion & Analysis – H1 2023 Financial Results
ADIB delivers a strong set of results for H1 2023 with
y -o-y net profit growth of 61% to AED 2.326 billion
Q 2 2023 net profit at AED 1.224 billion, up 68%
Strong performance in H1 2023 driven by solid revenue growth
+50% -7.0 ppts +61% +57%
AED 4.3bn 33.9% AED 2.3bn AED 0.57
Revenues Cost to income ratio Net Profit Earnings Per Share
+28% +18% +31% +7.6 ppts
AED 182bn AED 115bn AED 150bn 25%
Total Assets Gross Customer Financing Deposits ROE
128 bps 96,000
4.41% Net profit margin New customers joined ADIB
7.5%
+15%
NPA ratio Fees & commission growth
2M anagement Discussion & Analysis – H1 2023 Financial Results
Abu Dhabi Islamic Bank reported a growth in Net Profit Impairments grew 62% to AED 369 million for the
of 61% for the first half of 2023 to AED 2.3 billion from first half of 2023. The provision coverage of non-
AED 1.4 billion in H1 2022, reflecting a consistent trend performing financing (including collaterals) improved
of strong growth. Net profit for Q2 2023 reached AED by 4.7 percentage points to 128.4%.
1.2 billion with 68% growth versus Q2 2022.
Total assets increased 28% to reach AED 182 billion,
Revenue for H1 2023 improved by 50% to AED 4.3 driven by 18% growth in gross financing and 22%
billion compared to AED 2.8 billion last year due to growth in investments.
excellent income diversification mix and strong growth
across all business segments and products. Funded
income grew by 75% to AED 2.9 billion vs AED 1.7 billion Customer deposits rose 31% to reach AED 150 billion
in the corresponding period of last year, driven by versus AED 115 billion in H1 2022 driven mainly by
higher volumes and better margins. Non-funded 14% growth in Current and Savings Accounts (CASA)
income grew by 14% to reach AED 1.3 billion in H1 2023 despite the high-rate environment with CASA now
versus AED 1.2 billion in the corresponding period of last comprising 66% of total deposits.
year driven by 15% growth in fees and commissions.
ADIB maintained a robust capital position with a
Cost to income ratio was managed down with an Common Equity Tier 1 ratio of 12.82% and a
improvement of 7.0 percentage points to 33.9% versus total Capital Adequacy Ratio of 17.65%. The bank’s
40.9% in the corresponding period. This was liquidity position was healthy and comfortably within
predominantly driven by growth in Income and regulatory requirements, with the advances to stable
enhanced productivity. funding ratio at 78.0% and the eligible liquid asset ratio
at 21.8%.
3M anagement Discussion & Analysis – H1 2023 Financial Results
“We have benefited from strong deposit
inflows and grew our market share by
attracting approximately 96,000 new
customers to ADIB in the first half of 2023
emphasising the strength of our brand!”
H.E Jawaan Awaidah Al Khaili
Chairman
96,000
New customers joined ADIB
“ADIB reported a record performance in the first half of We have benefited from strong deposit inflows and grew
2023, delivering net profit of AED 2.3 billion, record our market share by attracting approximately 96,000 new
revenue of AED 4.3 billion, which equates to an average customers to ADIB in the first half of 2023 emphasising
return on equity of 25% reflecting the success of the the strength of our brand.
Group’s diversified business model and a healthy regional
economy. Our ability to deliver strong business As we look ahead, we will continue to work towards
momentum is the result of our solid capital position, creating value for all our stakeholders as we aim to
prudent risk management, diversified business lines and become the world’s most innovative Islamic bank. We are
nimble execution of our strategy underpinned by an confident in the economic outlook for the UAE and the
on-going digital and innovation strategy. region and strive to accelerate progress for both
customers and shareholders alike.”
Our efforts have led us to be recognised as the sole
winner of the Diamond category of Sheikh Khalifa
Excellence award, a testament to our robust financial
performance and pioneering approach to innovation in
digital banking.
4M anagement Discussion & Analysis – H1 2023 Financial Results
“Our business pipelines are healthy and asset
quality is resilient. The record return on
equity of 25% demonstrates the significant
improvements we have made in our
operations and business including investing in
our digital transformation.”
Nasser Abdulla Al Awadhi
Group Chief Executive Officer (GCEO)
25%
ROE
(Return on Equity)
“ADIB has delivered another strong set of results in the We were also pleased to see the strong appetite of
first half of 2023 with net profit up 61% year-on-year international investors in our latest Tier 1 Perpetual Sukuk
driven by 50% growth in revenues on the back of issuance that was oversubscribed by 9 times, particularly
increased transaction volumes and improved margins led in the current global capital market conditions which was
by an efficient funding base and higher yields. Both our a testament to ADIB’s prudent financial management,
Retail and Corporate Businesses have performed well and the bank’s prospects for further growth and
with high quality income growth and double-digit returns. development.
The momentum across the Group allows us to maintain a Going forward, we will continue to identify new growth
robust capital position and deliver attractive high returns areas and invest our resources for renewed customer
to shareholders. In Retail Banking, consumer spending excellence. We see significant growth opportunities as
remained healthy with combined Debit, Covered Card, the UAE economy continues to be strong and resilient.
and Customer Financing. In the Wholesale Bank, revenues However, we cannot ignore that global economic
were up versus last year. I am particularly pleased with uncertainties remain, and that there are concerns about
our ability to generate robust fee income, which grew the pressures of a rising rate environment on major
15% year-on-year. segments of the UAE economy. We will therefore
maintain our conservative approach to balancing the risk
Our business pipelines are healthy and asset quality is and reward of new credit extension while simultaneously
resilient. The record return on equity of 25% building our capital.”
demonstrates the significant improvements we have
made in our operations and business including investing
in digital transformation initiatives.
5M anagement Discussion & Analysis – H1 2023 Financial Results
“In the first half of the year, we continued to
strengthen our balance sheet and capital to
support future growth. We have seen a 31%
growth in customer deposits and 18% growth
in gross customer financing year-on-year.”
Mohamed Abdelbary
Group Chief Financial Officer (GCFO)
2.3bn
a
net profit
61% 
“In the first half of 2023, ADIB was able to sustain the Our cost to income ratio improved to 33.9% reflecting
strong business and financial momentum. Our net profit stronger income and enabling continued acceleration of
increased 61% to AED 2.3 billion compared to the first half investment for growth. I am particularly pleased with our
of 2022 which reflects the successful implementation of capital strength as we ended the quarter with a CET 1
our five-year strategy as the bank continues to invest in ratio of 12.82%. Our latest Tier 1 perpetual sukuk issuance
s trategic initiatives to support the next phase of growth. was met with exceptional demand from over 240 global
and regional investors with the final order exceeding USD
In the first half of the year, we continued to strengthen 7 billion, more than 9 times over-subscribed.”
our balance sheet and capital to support future growth.
We have seen a 31% growth in customer deposits and
18% growth in gross customer financing year-on-year.
Funded income is up 75% year-on-year on an improved
financing and deposit mix with higher rates feeding
th rough to margins. Non-funded income is up 14% year-
o n-year from increased card transactions, coupled with
g rowth in foreign exchange and investment income
u nderlining our strategic focus on income diversification.
6M anagement Discussion & Analysis – H1 2023 Financial Results
GROUP FINANCIAL REVIE W
> Income statement
AED (Mn) Q2 2023 Q2 2022 % H1 2023 H1 2022 %
Gross revenue from funds 2,224 964 +131% 4,238 1,841 +130%
Δ Δ
Distribution to depositors (720) (84) +754% (1,308) (171) +664%
Net revenue from funds 1,504 880 +71% 2,930 1,669 +75%
Investment income 241 166 +45% 454 421 +8%
Fees, commissions income, net 369 291 +27% 668 579 +15%
Foreign exchange income, net 111 89 +24% 199 165 +21%
Other income 3 2 +60% 13 4 +262%
Non-funded income 724 549 +32% 1,335 1,169 +14%
Total operating income 2,228 1,429 +56% 4,264 2,838 +50%
Total operating expenses before impairment charge (719) (583) +23% (1,446) (1,160) +25%
Provision for impairment (223) (114) +95% (369) (227) +62%
Profit before zakat and tax 1,286 732 +76% 2,450 1,451 +69%
Zakat and tax (62) (5) +1041% (124) (9) +1255%
Profit after zakat and tax 1,224 726 +68% 2,326 1,442 +61%
Non-controllable interest (56) (0.5) +11473% (99) (0.9) +11454%
Profit attributable to equity holders of the bank 1,168 726 +61% 2,227 1,441 +55%
EPS (AED) – YTD 0.57 0.36 +57%
Net profit margin – YTD 4.41% 3.13% +1.3ppts
Cost to income ratio - YTD 33.9% 40.9% -7.0ppts
Cost of risk – YTD 0.48% 0.42% +6bps
ROAE – YTD 24.9% 17.3% +7.6ppts
ROAA – YTD 2.87% 2.12% +75bps
 Group net profit grew 61% in H1 2023 to AED 2.3 billion compared to AED 1.4 billion in H1 2022. This was driven
mainly by solid growth in revenues compared to the corresponding period of the previous year.
 Revenues increased by 50% in H1 2023 to AED 4.3 billion versus AED 2.8 billion in H1 2022, primarily driven by
growth in funded income mainly due to the impact of higher rates and strong finance growth.
 Funded income rose 75% to reach AED 2.9 billion supported by higher volumes and rising rates with 25% growth
in average earning assets thereby increasing the net profit margin to 4.41% as compared to 3.13% in H1 2022,
despite an increase in the cost of funding. ADIB preserves one of the highest margins in the market, supported by
one of the lowest cost of funds in the market.
 Non-funded income increased by 14% to AED 1.3 billion for H1 2023 driven by a 15% increase in fees and
commissions income. Non-funded income represents 31% of total income.
 Fees and commissions income was up 15% year-on-year driven by card related fees and income from trade finance.
 Overall revenues were supported by growth in new customers of approximately 96,000 during the first half of
2023, evidencing ADIB’s long-term commitment to its customers and continuous efforts to deliver superior
customer service.
7M anagement Discussion & Analysis – H1 2023 Financial Results
 Strategic and transformation investments and volume-related expenses resulted in the increase of 25% in
operating expenses to AED 1.4 billion versus H1 2022 that was partially offset by the benefit of productivity savings.
Despite this, there was an overall improvement in the cost-to-income ratio of 7.0 percentage points to 33.9%.
 The net impairment charge for the first half of the year increased by 62% to AED 369 million. The cost of risk saw
a slight increase of 6 basis points to 0.48%. The provision coverage of non-performing financing (including
collaterals) improved by 4.7 percentage points to 128.4%.
> Balance Sheet
AED (Mn) H1 2023 H1 2022 %
Cash and balances with central banks 31,240 19,578 +60%
Δ
Due from financial institutions 8,682 2,564 +239%
Customer financing, net 109,329 92,190 +19%
Investments 22,590 18,572 +22%
Investment in associates 799 1,677 -52%
Investment and development properties 1,984 1,996 -1%
Other assets 7,544 5,366 +41%
Total assets 182,167 141,944 +28%
Due to financial institutions 3,459 2,391 +45%
Depositors’ accounts 150,401 115,188 +31%
Other liabilities 4,859 3,961 +23%
Total liabilities 158,718 121,541 +31%
Share capital 3,632 3,632 -
Retained earnings 8,990 6,765 +33%
Other reserves 5,124 5,241 -2%
Equity attributable to shareholders of the bank 17,745 15,638 +13%
Tier 1 sukuk 4,754 4,754 -
Non - controlling interest 949 11 +8470%
Equity attributable to equity holders of the bank 23,449 20,404 +15%
Customer financing, gross 115,091 97,237 +18%
Non-performing financing 8,619 8,175 +5%
NPA ratio 7.5% 8.4% -92bps
NPA coverage ratio 72.5% 71.4% +1.2ppts
NPA coverage ratio with collaterals 128.4% 123.7% +4.7ppts
Risk weighted assets 128,331 114,228 +12%
Common Equity Tier 1 Ratio 12.82% 12.77% +5bps
Tier 1 Ratio 16.53% 16.94% -41bps
Capital Adequacy Ratio 17.65% 18.04% -39bps
Financing to deposit ratio 72.7% 80.0% -7.3ppts
Advances to stable fund ratio (ASFR) 78.0% 85.1% -7.2ppts
Eligible Liquid Asset Ratio (ELAR) 21.8% 17.4% +4.4ppts
8M anagement Discussion & Analysis – H1 2023 Financial Results
 Total assets reached AED 182.2 billion as of 30 June 2023, an increase of 28% from 30 June 2022, driven mainly by
a growth in net financing, growth in cash and balances with central bank, and growth of the investment’s portfolio.
 Gross customer financing increased 18% to AED 115.1 billion from 14% growth in wholesale financing across
government and public sector enterprises, corporates, and financial institutions while retail financing portfolios
grew by 10%.
 The bank’s investment portfolio increased 22% on 30 June 2023 to AED 22.6 billion.
 Customer deposits amounted to AED 150 billion as of 30 June 2023, up 31% from 30 June 2022 as CASA deposits
increased by 14% to AED 99 billion comprising 66% of total customer deposits.
 Non-performing financing totaled AED 8.6 billion as of 30 June 2023 compared to AED 8.2 billion as of
30 June 2022.
 Non-performing financing ratio improved to 7.5% versus 8.4% as of 30 June 2022.
 ADIB continued to maintain a healthy liquidity position with an advance to stable funding ratio at 78.0% compared
with 85.1% on 30 June 2022, while the eligible liquid asset ratio was 21.8% as of 30 June 2023 versus 17.4% at 30
June 2022.
 The bank further maintained a robust capital position with the Common Equity Tier 1 ratio at 12.82%, a tier 1 ratio
of 16.53% and capital adequacy ratio of 17.65% as of 30 June 2023, exceeding regulatory requirements prescribed
by the UAE Central Bank.
9M anagement Discussion & Analysis – H1 2023 Financial Results
SEGMENTAL PERFORMANCE REVIEW
Retail Banking Group
> Income Statement
AED (Mn) H1 2023 H1 2022 %
Funded income 2,043 1,334 +53%
Δ
Non-funded income 337 295 +14%
Total operating income 2,379 1,629 +46%
Operating expenses excluding impairments (990) (904) +9%
Impairment charge (96) (63) +53%
Profit before zakat and tax 1,293 661 +95%
Tax and Zakat - - -
Profit after zakat and tax 1,293 661 +95%
Cost to income ratio 41.6% 55.5% -13.9ppts
Cost of risk 0.34% 0.24% +10bps
> Balance Sheet
AED (Mn) H1 2023 H1 2022 %
Financing, gross 56,508 51,406 +10%
Δ
Depositors’ accounts 88,496 79,247 +12%
 ADIB’s Retail Banking Group (‘Retail Banking’), is the leading bank for UAE nationals and a critical growth engine for
ADIB. Retail Banking delivered a strong performance, generating AED 1.3 billion of net profit in H1 2023, an 95%
increase over the corresponding period last year.
 In addition, Retail Banking continued strengthening their customer propositions and improving channel
productivity, resulting in improved sales momentum for cards and 10% growth in gross financing to AED 56.5
billion as of 30 June 2023.
 Based on encouraging financing growth, revenue for Retail Banking increased 46% to AED 2.4 billion, on the back
of growth in funded income.
 Operating expenses in H1 2023 grew slightly, reflecting the inflationary trend, while the Bank undertook cost
optimisation initiatives, and continued focus on process simplification and automation to improve efficiency and
deliver better customer experiences.
 The strategic focus on delivering excellent customer experience enabled Retail Banking to expand its customer base
by approximately 96,000 customers in the first half of 2023.
 Deposits also grew by 12%. This is a testament to the Bank’s strong UAE national and Emirati-focused strategy, which
is at the core of the Retail Banking business. This was driven by CASA growth of 14%.
 On digital, the Bank continued to introduce industry-leading digital capabilities, redesign the client experience, and
enabled customers to bank anytime, anywhere, on their preferred channels. The provision of the new digital remote
sales platform allowed customers to interact remotely, driving significant sales across consumer finance products.
10M anagement Discussion & Analysis – H1 2023 Financial Results
Wholesale Banking Group
> Income Statement
AED (Mn) H1 2023 H1 2022 %
Funded income 463 320 +45%
Δ
Non-funded income 148 160 -7%
Total operating income 612 480 +27%
Operating expenses excluding impairments (138) (136) +1%
Impairment charge (137) (79) +73%
Profit before zakat and tax 337 265 +27%
Tax and Zakat (6) (6) +8%
Profit after zakat and tax 331 259 +28%
Cost to income ratio 22.5% 28.4% -5.8ppts
Cost of risk 0.62% 0.41% +21bps
> Balance Sheet
AED (Mn) H1 2023 H1 2022 %
Financing, gross 44,123 38,825 +14%
Δ
Depositors’ accounts 31,998 23,389 +37%
 The Wholesale Banking Group (‘WBG’) saw an increase in net profit of 28% driven by higher volume and the benefit
of rising rates.
 Total operating income grew 27% reflecting an economic rebound and improvements in funded income.
 Gross customer financing grew by 14% to AED 44.1 billion, as a result of a rebound in economic activity and market
sentiment, as well as strong momentum in deal execution. This was driven by demand from existing large
corporates as well as new to bank clients.
 The Global Transaction Banking (GTB) team continued to make progress on its transformation journey, offering
digitally enabled and innovative solutions to clients.
 WBG’s impairment charge for the first half of the year amounted to AED 137 million, a 73% increase relative to
the first half of 2022.
11M anagement Discussion & Analysis – H1 2023 Financial Results
Treasury
> Income Statement
AED (Mn) H1 2023 H1 2022 %
Funded income (420) (111) -278%
Δ
Non-funded income 601 415 +45%
Total operating income 181 304 -41%
Operating expenses excluding impairments (22) (20) +8%
Impairment charge (56) (5) +1018%
Profit before zakat and tax 102 279 -63%
Tax and Zakat - - -
Profit after zakat and tax 102 279 -63%
Cost to income ratio 12.2% 6.7% +5.5ppts
Investment Yield 3.5% 2.7% +84bps
> Balance Sheet
AED (Mn) H1 2023 H1 2022 %
Investments 22,590 18,572 +22%
Δ
Depositors’ accounts 1,535 3,663 -58%
 ADIB’s Treasury department saw a decline of 63% in net profit to AED 102 million during the first half of 2023 due
to a reduction in the revenue for the period by 41% to AED 181 million. This was primarily due to adverse market
conditions, partially offset by fee income generation from customers’ activities.
12M anagement Discussion & Analysis – H1 2023 Financial Results
Strategy and
Outlook
Strategy
ADIB Strategy defined the bank’s renewed purpose of becoming a lifelong partner for our clients, community, and
colleagues. Furthermore, ADIB’s vision was revamped to be the world’s most innovative Islamic bank.
The bank has delivered the below strategic initiatives under the 4 strategic pillars:
Continuous Innovation
ADIB launched various products that enabled a growth in market share:
 Istiqrar: ADIB launched UAE’s first long-term, fixed-rate home finance. This unique product offers customers
a consistent, fixed monthly instalment throughout the chosen tenor rate, eliminating any variations or
fluctuations.
 Cashback Card: ADIB launched its new Cashback Visa Covered Card signifying an expanded role for cards in the
bank’s retail strategy. The new card is considered one of the industry’s best cashback cards and offers
customers the opportunity to earn 4% cash rewards when they use the card across a wide range of daily
spending categories.
 Yusr Salary Advance: Allows customers to avail their pay cheque in advance instantly with a Murabaha
structure-based fee. The new feature can be accessed through the mobile banking app and branches across
the UAE. ‘Yusr’ is designed to help existing ADIB salary transfer customers, both UAE Nationals and expatriates,
to manage their financials and fulfil their short-term funding needs. This product aims to provide convenience
and assist customers to access up to 50% of their salaries.
 SME Instant Account Opening: ADIB became the first bank in the UAE to provide small and medium-sized
enterprises (SMEs) with convenient remote account opening services through a mobile app by deploying
Emirates Face Recognition (EFR) technology. This new feature allows businesses to apply for a business account
without the need to visit a branch or submit physical documents or signatures. Through this technology, ADIB
can perform highly secure identity verification before opening a new account for businesses in less than 24
business hours.
 50% cashback: ADIB launched a unique campaign that rewards customers for consolidating their banking with
ADIB. The first-of-its-kind campaign rewards customers with a one-time bonus of 50% of their monthly salary
when they transfer their finance (personal or home finance) and salary to ADIB and obtain one of the ADIB
Covered Cards, such as Emirates Skywards, Etihad Guest, Etisalat Gold, Platinum & Signature, or Cashback
cards.
13M anagement Discussion & Analysis – H1 2023 Financial Results
Segment Focused
ADIB continued to build on its existing strength in the Emirati retail segment while attracting and developing new
business segments where the bank can grow profitably. In this respect, ADIB launched propositions that support
Emirati customers across all financial stages in their lives and welcomed 96,000 customers.
Digital Excellence
Digital remains at the heart of ADIB’s 2025 strategy, and the bank strives to become a digital-first financial institution.
The number of digitally active customers has increased steadily over the past year. Currently 76% customers are
digitally active.
Key highlights of ADIB’s progress on digitalization and innovation include the following:
 ADIB’s mobile app is top ranked on the UAE App store.
 54 % of Personal Finance customers are on-boarded digitally.
 New features were added to the Mobile app to help increase customer usage and adoption – these include
IPO subscription, push notification, Consumer Protection Rights, and additional security features for transfers.
Sustainable Future
 ADIB released its second ESG report emphasising the progress made on the bank’s Environmental, Social, and
Governance (ESG) goals and commitments for the year 2023. The report also highlights a new three-year ESG
strategy to integrate ESG risks considerations into the banking framework and support the UAE’s efforts to
achieve the transition towards a more sustainable economy.
 ADIB is a regional sustainability leader (MSCI ESG rating of ‘A’), and a constituent of MSCI ESG Leaders index.
 ADIB finalized its sustainability and ESG frameworks.
 ADIB continued to play a crucial role in helping to deliver the region’s sustainable finance agenda facilitating
around USD1.7 billion worth of sustainable projects.
 ADIB has achieved an upgrade to its environmental, social, and governance (ESG) risk score by Sustainalytics,
one of the world's leading ESG rating agencies. ADIB's overall Sustainalytics ESG risk score has improved from
34.25 in 2022 to 29.6 in 2023, reflecting a significant leap that transitioned ADIB from the 'high risk' category
to the 'medium risk' category. This achievement underscores the bank’s strong commitment to ESG principles
and its ongoing efforts to effectively manage risks. The ratings are measured on a scale from 0 to 100, with
lower scores indicating a reduction in risk.
 ADIB leads the way in Emiratisation by significantly investing in upskilling, reskilling, and developing Emiratis
through international training and development programs.
Outlook
The outlook for the GCC remains positive despite ongoing concerns over a global economic slowdown. Higher oil prices
have pushed GCC budgets into surplus with expectation for the UAE GDP to grow by 3.5% in 2023. Liquidity in the UAE
remains strong, with higher oil prices expected in the rest of 2023 which will help in deposit inflows.
14M anagement Discussion & Analysis – H1 2023 Financial Results
2023 Awards List
Awards Categories
Sheikh Khalifa Excellence Awards Diamond Category
MEED MENA Banking Excellence MENA Islamic Finance
Awards 2023 Bank of the Year
Bonds & Sukuk Middle East Islamic Syndication
Awards 2023 of the Year
Bonds & Sukuk Middle East Global Sovereign Sukuk
Awards 2023 Deal of the Year
Bonds & Sukuk Middle East Real Estate Finance
Awards 2023 Deal of the Year
15M anagement Discussion & Analysis – H1 2023 Financial Results
AED 182bn
In assets
About ADIB
ADIB is a leading bank in the UAE with more than AED 182 billion in assets. The bank also offers world-class online,
mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day.
ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was
established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).
ADIB has a strong presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the
United Kingdom, Sudan, Qatar and Iraq.
Named World’s Best Islamic Bank by The Financial Times - The Banker publication, ADIB has a rich track record of
innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with
Emirates airlines, Etihad and Etisalat and a wide range of financing products.
ADIB Investor relations Mobile application
Please download the ADIB Investor relations dedicated mobile app
available on both Apple and Google play stores. The application
will keep you up to date with the latest developments - from latest
share prices and press releases to investor days, financial results
and our document library. You can view stock exchange
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interact with key data onscreen.
16M anagement Discussion & Analysis – H1 2023 Financial Results
For media information, please visit www.adib.ae or contact:
Lamia Hariz
Head of Corporate Communications, Marketing & Investor Relations
Email: lamia.hariz@adib.com
Abu Dhabi Islamic Bank Public Joint Stock Company is licensed by the Central Bank of UAE.
17

Sentiment: positive