Home Industry Finance Abu Dhabi Islamic Bank raises stake in ADIB Egypt The bank’s ownership in the Egyptian unit has risen to 52.607 per cent by Gulf Business January 6, 2023 Abu Dhabi Islamic Bank (ADIB) has announced the increase of its ownership in ADIB Egypt. 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 per cent of ADIB Egypt’s share capital, reported the state news agency, WAM. The deal has raised ADIB UAE’s ownership in the Egyptian unit to 52.607 per cent, reported WAM. In recent news, ADIB, in partnership with token enablement service provider Tappy Technologies and Visa, has launched a tokenised, contactless payment method through the options of clasp and ring ‘ADIB PAY’. Read: Abu Dhabi Islamic Bank launches tokenised, contactless payment method Tags Abu Dhabi ADIB Banking Egypt 0 Comments You might also like Abu Dhabi’s Etihad Airways posts 66% rise in nine-month profit QatarEnergy acquires 23% of offshore Egypt block from Chevron AD Ports Group marks Q3 performance with net profit of Dhs445m UAE’s ADNOC Gas boosts capex to $15bn on booming LNG market