Abu Dhabi Islamic Bank raises foreign ownership to 40%
Abu Dhabi, July 6 2020: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has announced raising the percentage of foreign ownership to 40%, from 25%, of its issued capital effective from today. The announcement came after obtaining the necessary regulatory approvals from the Central Bank of the United Arab Emirates, the Securities and Commodities Authority, as well as the bank’s shareholders during the Annual General Meeting (AGM) held last March.
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