M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
MANAGEMENT
DISCUSSION &
ANALYSIS
First 9 months of 2023 Financial Results
Abu Dhabi, UAE – 25 October 2023
1M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
ADI B delivers a record performance for the first nine months of
2023 with y-o-y net profit growth of 53% to AED 3.75 billion.
Quarterly net profit reached a new high of AED 1.424 billion in Q3 2023, up 41%
Record performance in the first nine months of 2023 versus same period last year driven
by strong underlying growth.
+48% -5.0 ppts +53% +49%
AED 6.7bn 32.6% AED 3.75bn AED 0.91
Revenues Cost to income ratio Net Profit Earnings Per Share
+25% +14% +28% +6.8 ppts
AED 184bn AED 118bn AED 152bn 26%
Total Assets Gross Customer Financing Deposits ROE
6.6%
+113 bps 157,000
4.48%
Net profit margin New customers joined ADIB NPA ratio
2M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
Abu Dhabi Islamic Bank reported a growth in Net Profit Impairments grew 62% to AED 571 million for the
of 53% for the first nine months of 2023 to AED 3.75 first nine months of 2023. Non-Performing asset ratio
billion from AED 2.5 billion in first nine months of 2022, improved to 6.6% lowest since Q1 2020 due to active
reflecting a consistent trend of strong growth. Net management of legacy portfolio coupled with strong
profit for Q3 2023 reached AED 1.4 billion with 41% underwriting standards whilst the Coverage ratio
growth versus Q3 2022. (including collaterals) improved by 9.0 percentage
points to 131.4%.
Revenue for the first nine months of 2023 improved by
48% to AED 6.7 billion compared to AED 4.5 billion last Total assets increased 25% to reach AED 184 billion,
year due to excellent income diversification mix and driven by 14% growth YoY in gross financing and 21%
strong growth across all business segments and growth in investments.
products. Funded income grew by 61% to AED 4.5
billion vs AED 2.8 billion in the corresponding period of
last year, driven by higher volumes and better margins. Customer deposits rose 28% to reach AED 152 billion
Non-funded income grew by 28% to reach AED 2.2 versus AED 138 billion in the corresponding period of
billion in the first nine months of 2023 versus AED 1.7 2022 driven mainly by 13% growth in Current and
billion in the corresponding period of last year driven by Savings Accounts (CASA) despite the high-rate
24% growth in fees and commissions. environment with CASA now comprising 66% of total
deposits.
Cost to income ratio was managed down with an
improvement of 5.0 percentage points to 32.6% versus ADIB maintained a robust capital position with a
37.6% in the corresponding period. This was Common Equity Tier 1 ratio of 13.36% and a
predominantly driven by growth in Income and total Capital Adequacy Ratio of 18.03%. The bank’s
enhanced productivity. liquidity position was healthy and comfortably within
regulatory requirements, with the advances to stable
funding ratio at 78.6% and the eligible liquid asset ratio
at 18.8%.
3M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
"ADIB achieved another record performance
in the first nine months of 2023, with net profit
growing 53% achieving a new high of AED 3.75
billion, surpassing what was achieved in the
full year of 2022.”
H.E Jawaan Awaidah Al Khaili
Chairman
157,000
New customers joined ADIB
“ADIB achieved another record performance in the ADIB's strong market position and digital drive has allowed
first nine months of 2023, with net profit growing 53% us to grow our market share by attracting approximately
achieving a new high of AED 3.75 billion, surpassing 157,000 new customers to ADIB in the first nine months of
what was achieved in the full year of 2022. ADIB's 2023 emphasizing the strength of our brand.
return on equity reached 26% reflecting the success of
the Group’s diversified business model and a healthy Amid global economic uncertainty, the UAE economy
and resilient local economy. Our ability to deliver continues to grow, benefiting from strong domestic activity
strong business momentum is the result of our solid and from foreign Inflows of capital. ADIB will continue to
capital position, diversification of our revenue work towards creating value for all our stakeholders as we
streams with double digit growth in both our funded aim to become the world’s most innovative Islamic bank.
and non-funded income. We are committed to playing a key role in driving further
economic growth and development across the region."
Our efforts have led us to be recognized as the best
bank In the UAE by Global Finance, and the Safest
Islamic Bank globally for the 2nd consecutive year.
This reflects our commitment to upholding the trust
of our customers and ensuring that we continue to
seamlessly provide for all their banking needs.
4M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
“ADIB's net profit surged to a new record on
the back of 48% growth in revenues to AED 6.7
billion due to an increase in transaction
volumes and improved margins led by an
efficient funding base and higher yields."
Nasser Abdulla Al Awadhi
Group Chief Executive Officer (GCEO)
26%
ROE
(Return on Equity)
“ADIB's net profit surged to a new record on the back of We have delivered continued success in our digital banking
48% growth in revenues to AED 6.7 billion due to an where 80% of ADIB customers actively using the bank's
i ncrease in transaction volumes and improved margins digital platforms, underlining our commitment to
l ed by an efficient funding base and higher yields. providing convenient and innovative banking solutions.
A DIB's market-leading franchise has continued to attract We have achieved a significant milestone towards
new deposits adding AED 33 billion of deposits including Environmental, Social, and Governance (ESG) excellence
growing our low-cost Current and Savings Accounts by with the launch of a comprehensive ESG strategy, designed
13%, which helped us in maintaining one of the lowest to strengthen our sustainable banking agenda for the next
costs of fund in the region. Net customer financing (FX three years.
adjusted) was up 6% Year to date, primarily driven by
G REs, Corporates and Retail. We are entering the last quarter of 2023 with a strong
financial position, strong capital and liquidity ratios, stable
W e ended the quarter with a CET1 ratio of 13.36%, as we asset quality, and improved returns. this will enable us
a ctively managed our RWA to improve the returns we capture business opportunities and identify new growth
generate for our shareholders. areas."
5M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
“In the first nine months of 2023, ADIB was
able to sustain the strong business and
financial momentum while maintaining a
strong balance sheet with healthy liquidity,
asset quality and capital ratios, thereby laying
solid foundations for future growth.”
Mohamed Abdelbary
Group Chief Financial Officer (GCFO)
3.75bn
a net profit
53% 
“Our record profitability reflects improvements in the Our cost to income ratio improved to 32.6% reflecting
underlying operating performance across all business stronger income and enabling continued acceleration of
li nes. In the first nine months of 2023, ADIB was able to investment for growth.
s ustain the strong business and financial momentum
w hile maintaining a strong balance sheet with healthy Despite high rates, asset quality remained strong with an
li quidity, asset quality and capital ratios, thereby laying Improvement in our Non-Performing asset ratio to 6.6%
solid foundations for future growth. which is the lowest since Q1 2020 due to active
management of legacy portfolio coupled with strong
underwriting standards.
We have seen a 28% growth in customer deposits and
14% growth in gross customer financing year-on-year.
With its robust fundamentals, strong financial position
Funded income is up 61% year-on-year on an improved
fi nancing and deposit mix with higher rates feeding
and assets surpassing AED 184 billion, we believe that
ADIB is well positioned to end the year with solid results,
th rough to margins. Non-funded income is up 28% year-
paving the way to further enhance shareholders' return."
o n-year from increased card transactions, coupled with
g rowth in foreign exchange and investment income
underlining our strategic focus on income diversification.
6M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
GROUP FINANCIAL REVIE W
> Income statement
YTD Sept YTD Sept
AED (Mn) Q3 2023 Q3 2022 % %
2023 2022
Gross revenue from funds 2,418 1,279 Δ+89% 6,656 3,120 +Δ113%
Distribution to depositors (841) (147) +471% (2,150) (318) +575%
Net revenue from funds 1,577 1,132 +39% 4,506 2,802 +61%
Investment income 246 181 +35% 700 602 +16%
Fees, commissions income, net 370 260 +42% 1,038 839 +24%
Foreign exchange income, net 126 103 +22% 325 268 +21%
Other income 112 2 +6342% 125 5 +2253%
Non-funded income 853 546 +56% 2,188 1,715 +28%
Total operating income 2,430 1,678 +45% 6,694 4,516 +48%
Total operating expenses before impairment charge (740) (539) +37% (2,185) (1,699) +29%
Provision for impairment (202) (125) +61% (571) (352) +62%
Profit before zakat and tax 1,488 1,014 +47% 3,938 2,465 +60%
Zakat and tax (64) (4) +1563% (188) (13) +1347%
Profit after zakat and tax 1,424 1,010 +41% 3,750 2,452 +53%
EPS (AED) – YTD 0.91 0.61 +49%
Net profit margin – YTD 4.48% 3.35% +1.1ppts
Cost to income ratio - YTD 32.6% 37.6% -5.0ppts
Cost of risk – YTD 0.50% 0.38% +12bps
ROAE – YTD 26.4% 19.6% +6.8ppts
ROAA – YTD 3.02% 2.33% +69bps
 Group net profit grew 53% in the first nine months of 2023 to AED 3.75 billion compared to AED 2.5 billion in the
corresponding period of 2022. This was driven mainly by solid growth in revenues compared to the corresponding
period of the previous year.
 Revenues increased by 48% in the first nine months of 2023 to AED 6.7 billion versus AED 4.5 billion in the
corresponding period of 2022, primarily driven by double digit growth in funded income and non-funded Income.
 Funded income rose 61% to reach AED 4.5 billion supported by higher volumes and rising rates with 25% growth
in average earning assets thereby increasing the net profit margin to 4.48% as compared to 3.35% in the
corresponding period in 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 28% to AED 2.2 billion for the first nine months of 2023 driven by a 24% increase
in fees and commissions income. Non-funded income represents 33% of total income, underlining the strategic
focus on revenue diversification.
 Fees and commissions income was up 24% year-on-year driven by card related fees and income from trade finance.
 Overall revenues were supported by growth in new customers of approximately 157,000 during the first nine
months of 2023, evidencing ADIB’s long-term commitment to its customers and continuous efforts to deliver
superior customer service.
7M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
 Strategic and transformation investments and volume-related expenses resulted in the increase of 29% in
operating expenses to AED 2.2 billion versus the corresponding period of 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 5.0
percentage points to 32.6%.
 The net impairment charge for the first nine months of the year increased by 62% to AED 571 million. The cost of
risk saw a slight increase of 12 basis points to 0.50%. The provision coverage of non-performing financing (including
collaterals) improved by 9.0 percentage points to 131.4%.
> Balance Sheet
AED (Mn) 30 Sept 2023 30 Sept 2022 %
Cash and balances with central banks 27,472 18,233 +51%
Δ
Due from financial institutions 11,027 2,170 +408%
Customer financing, net 112,595 98,240 +15%
Investments 23,000 19,072 +21%
Investment in associates 816 1,722 -53%
Investment and development properties 1,980 1,992 -1%
Other assets 7,233 5,780 +25%
Total assets 184,124 147,209 +25%
Due to financial institutions 2,954 3,198 -8%
Depositors’ accounts 151,545 118,823 +28%
Other liabilities 4,926 4,014 +23%
Total liabilities 159,424 126,036 +26%
Share capital 3,632 3,632 -
Retained earnings 10,366 7,594 +37%
Other reserves 4,928 5,181 -5%
Equity attributable to shareholders of the bank 18,926 16,407 +15%
Tier 1 sukuk 4,754 4,754 -
Non - controlling interest 1,019 12 +8720%
Equity attributable to equity holders of the bank 24,699 21,173 +17%
Customer financing, gross 117,634 103,202 +14%
Non-performing financing 7,762 8,597 -10%
NPA ratio 6.6% 8.3% -1.7ppts
NPA coverage ratio 69.6% 67.8% +1.8ppts
NPA coverage ratio with collaterals 131.4% 122.4% +9.0ppts
Risk weighted assets 134,300 119,432 +12%
Common Equity Tier 1 Ratio 13.36% 12.81% +55bps
Tier 1 Ratio 16.90% 16.79% +11bps
Capital Adequacy Ratio 18.03% 17.90% +13bps
Financing to deposit ratio 74.3% 82.7% -8.4ppts
Advances to stable fund ratio (ASFR) 78.6% 86.1% -7.5ppts
Eligible Liquid Asset Ratio (ELAR) 18.8% 15.9% +2.9ppts
8M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
 Total assets reached AED 184.1 billion as of 30 September 2023, an increase of 25% from 30 September 2022,
driven mainly by a growth in net financing, growth in cash and balances with central bank, and growth of the
investment’s portfolio. This was funded by sizeable deposit inflows.
 Gross customer financing increased 14% to AED 117.6 billion from 3% growth in wholesale financing across
government and public sector enterprises and corporates while retail financing portfolios grew by 11%.
 The bank’s investment portfolio increased 21% on 30 September 2023 to AED 23.0 billion.
 Customer deposits amounted to AED 152 billion as of 30 September 2023, up 28% from 30 September 2022 as
CASA deposits increased by 13% to AED 99 billion comprising 66% of total customer deposits.
 Non-performing financing totaled AED 7.8 billion as of 30 September 2023 compared to AED 8.6 billion as of
30 September 2022.
 Non-performing financing ratio improved to 6.6% versus 8.3% as of 30 September 2022.
 ADIB continued to maintain a healthy liquidity position with an advance to stable funding ratio at 78.6% compared
with 86.1% on 30 September 2022, while the eligible liquid asset ratio was 18.8% as of 30 September 2023 versus
15.9% at 30 September 2022.
 The bank further strengthens its capital position with the Common Equity Tier 1 ratio at 13.36%, as compared to
12.81% In Q3 2022 on the back of strong earnings and ongoing optimization initiatives. Capital adequacy ratio of
18.03% as of 30 September 2023, exceeding regulatory requirements prescribed by the UAE Central Bank.
9M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
SEGMENTAL PERFORMANCE REVIEW
Retail Banking Group
> Income Statement
AED (Mn) YTD Sept 2023 YTD Sept 2022 %
Funded income 3,110 2,126 +46%
Δ
Non-funded income 501 427 +18%
Total operating income 3,612 2,553 +41%
Operating expenses excluding impairments (1,476) (1,355) +9%
Impairment charge (134) (65) +107%
Profit before zakat and tax 2,001 1,133 +77%
Tax and Zakat - - -
Profit after zakat and tax 2,001 1,133 +77%
Cost to income ratio 40.9% 53.1% -12.2ppts
Cost of risk 0.30% 0.16% +13bps
> Balance Sheet
AED (Mn) 30 Sept 2023 30 Sept 2022 %
Financing, gross 58,427 52,721 +11%
Δ
Depositors’ accounts 88,872 81,178 +9%
 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 2.0 billion of net profit in the first nine months
of 2023, a 77% 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 11% growth in gross financing to AED 58.4 billion as of 30
September 2023.
 Based on encouraging financing growth, revenue for Retail Banking increased 41% to AED 3.6 billion, on the back
of growth in funded income.
 Operating expenses in the first nine months of 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 157,000 customers in the first nine months of 2023.
 Deposits also grew by 9%. 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 13%.
 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 – First 9 months of 2023 Financial Results
W holesale Banking Group
> Income Statement
AED (Mn) YTD Sept 2023 YTD Sept 2022 %
Funded income 720 534 +35%
Δ
Non-funded income 283 245 +15%
Total operating income 1,003 779 +29%
Operating expenses excluding impairments (208) (205) +1%
Impairment charge (225) (153) +46%
Profit before zakat and tax 570 421 +36%
Tax and Zakat (15) (9) +77%
Profit after zakat and tax 555 412 +35%
Cost to income ratio 20.8% 26.3% -5.6ppts
Cost of risk 0.59% 0.47% +12bps
> Balance Sheet
AED (Mn) 30 Sept 2023 30 Sept 2022 %
Financing, gross 45,072 43,775 +3%
Δ
Depositors’ accounts 32,523 24,296 +34%
 The Wholesale Banking Group (‘WBG’) saw an increase in net profit of 35% driven by higher volume and the benefit
of rising rates.
 Total operating income grew 29% reflecting an economic rebound and improvements in funded income.
 Gross customer financing grew by 3% to AED 45.1 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 nine months of the year amounted to AED 225 million, a 46% increase
relative to the corresponding period of 2022.
11M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
Treasury
> Income Statement
AED (Mn) YTD Sept 2023 YTD Sept 2022 %
Funded income (695) (193) -260%
Δ
Non-funded income 944 649 +46%
Total operating income 250 456 -45%
Operating expenses excluding impairments (33) (30) +9%
Impairment charge (77) (20) +282%
Profit before zakat and tax 140 405 -65%
Tax and Zakat - - -
Profit after zakat and tax 140 405 -65%
Cost to income ratio 13.2% 6.6% +6.5ppts
Investment Yield 3.6% 2.5% +1.0ppts
> Balance Sheet
AED (Mn) 30 Sept 2023 30 Sept 2022 %
Investments 23,000 19,072 +21%
Δ
Depositors’ accounts 1,134 4,441 -74%
 ADIB’s Treasury department saw a decline of 65% in net profit to AED 140 million during the first nine months of
2023 due to a reduction in the revenue for the period by 45% to AED 250 million. This was primarily due to adverse
market conditions, partially offset by fee income generation from customers’ activities.
12M anagement Discussion & Analysis – First 9 months of 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.
 Darb services: ADIB launched a top-up service of Darb accounts through the direct payment feature via the mobile
application or online banking services of the Abu Dhabi Islamic Bank. the recharging the Darb card account through
the application as a valued addition.
13M anagement Discussion & Analysis – First 9 months of 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 157,000 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 80% 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 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 Emiratization 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 more than 3.4% 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 – First 9 months of 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
Global finance Best Bank in the UAE
Global Finance Safest Islamic Bank Globally
Best Islamic bank in the UAE and
Global Finance
Egypt
Digital Banker Best Islamic Retail Bank
Global Finance Best Payment Solutions
Global Finance Best Islamic bank for ESG
Banker FT Best Private Bank service in UAE
15M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
About ADIB
A DIB is a leading bank in the UAE with more than AED 184 billion in assets. The bank also offers world-class online,
m obile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day.
A DIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was
e stablished in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).
A DIB 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
announcements, presentations, annual and quarterly reports, and
interact with key data onscreen.
16M anagement Discussion & Analysis – First 9 months of 2023 Financial Results
For media information, please visit www.adib.ae or contact:
Lamia Hariz
Head of Corporate Communications, Marketing ESG & Investor Relations
Email: lamia.hariz@adib.com
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17

Sentiment: positive