Latest news with #ADIBEgypt
bnok24
22-05-2025
- Business
- bnok24
ADIB-Egypt CEO Honored as One of the Arab Region's Most Influential Sustainability Leaders
Mohamed Aly, CEO and Managing Director of ADIB-Egypt, was honored by H.E. Ahmed Aboul Gheit, Secretary-General of the League of Arab States, and His Highness Sheikh Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, during the annual 'Arab Sustainability Day' celebration held on 22nd May 2025 at the League's headquarters in Cairo The involvement of His Highness the Crown Prince reflects the United Arab Emirates' continued leadership and commitment to regional sustainability efforts The event, organized by the Department of Sustainable Development and International Relations of the League of Arab States, recognizes distinguished Arab figures advancing sustainable development across the region. Mohamed Aly was selected for this honor in recognition of ADIB-Egypt's pioneering leadership in Islamic sustainable banking, and its influential role in promoting responsible sustainability practices in Egypt In Y 2024, ADIB-Egypt was named 'Best Islamic Sustainable Bank' six times by leading global institutions—solidifying its position as the most awarded Islamic sustainable bank in the country. Under Aly's leadership, the bank has integrated environmental, social, and governance (ESG) principles into its core operations, setting new benchmarks in the Egyptian market for sustainable and Sharia-compliant finance The ceremony brought together regional government representatives, private sector leaders, civil society organizations, and media—all united by a shared commitment to building a more sustainable and secure future for the Arab world Google News تابعونا على تابعونا على تطبيق نبض ADIB EgyptADIB-Egypt CEOUnited Arab Emirates جاري التحميل ...
Zawya
12-05-2025
- Business
- Zawya
ADIB Egypt's consolidated profits soar 43.34% YoY in Q1 2025
Arab Finance: Abu Dhabi Islamic Bank's (ADIB Egypt) consolidated net profits attributed to the bank increased by 43.34% year on year (YoY) to EGP 3.032 billion in the first quarter (Q1) of 2025, versus EGP 2.115 billion, a filing showed. Net interest income grew to EGP 4.706 billion in Q1 2025 from EGP 3.241 billion in the year-ago quarter. For standalone results, the lender registered net profits after tax of EGP 2.937 billion in Q1 2025, compared to EGP 2.104 million in Q1 2023. Meanwhile, net standalone interest income rose to EGP 4.603 billion from EGP 3.175 billion. ADIB Egypt is an award-winning bank that started its operations in Egypt after acquiring the National Bank for Development (NBD) through the Emirati consortium of Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) in 2007. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
12-04-2025
- Business
- Daily News Egypt
ADIB joins ‘Chapter Zero Egypt' to advance climate governance, sustainability goals
Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) has officially joined the 'Chapter Zero Egypt' initiative, a strategic step that underscores the bank's strong commitment to sustainability and climate governance. This move reflects ADIB Egypt's alignment with global environmental, social, and governance (ESG) standards and further enhances its role in promoting sustainable finance in Egypt's banking sector. Membership in 'Chapter Zero Egypt' grants the bank access to a wide network of climate governance experts, supporting its efforts to deepen the integration of sustainability into its corporate strategy and operations. The initiative is part of a broader push to foster responsible corporate practices and advance Egypt's national agenda for sustainable development. 'We believe it is our responsibility to help shape a green and sustainable future for the coming generations,' said Mohamed Ali, CEO and Managing Director of ADIB Egypt. 'Our philosophy rests on the idea that financial success and sustainability go hand in hand. That's why we're constantly innovating to deliver simple, convenient banking solutions that reflect the highest sustainability standards and contribute to a better tomorrow.' He added: 'Through our participation in 'Chapter Zero Egypt,' we will continue to uphold international standards, adopt environmentally responsible practices, and support our clients in making a more inclusive and just transition toward sustainability.' In recent years, ADIB Egypt has made substantial progress in embedding ESG principles across its operations. The bank has introduced energy-efficient practices in its branches, launched green financing products, and worked to systematically reduce its carbon footprint. It has also aligned its operations with the goals of the Paris Climate Agreement and adopted environmentally responsible policies in areas such as procurement, waste management, and resource efficiency. The bank's ongoing efforts are supported by regular carbon footprint reporting, ensuring transparency and accountability in its sustainability performance. These practices not only reduce the environmental impact of its own operations but also empower clients to adopt sustainable business models and lower their emissions. By integrating sustainability into all aspects of its business, ADIB Egypt continues to position itself as a leader in responsible finance. The bank acknowledges the financial sector's pivotal role in addressing climate challenges and is committed to driving the transition toward a low-carbon, inclusive economy—both through its internal practices and its support for clients on their sustainability journeys.
