ADIB Egypt

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Overview

ADIB Egypt is ADIB UAE parent ~52.6% controlling + Egyptian Islamic commercial bank + EGX: ADIB + one of Egypt's largest Islamic commercial banks [1, eg-cro].

History

1980 — National Bank for Development NBD Egypt founded distinctive Egyptian commercial banking heritage.

Apr 7 2007 — ADIB UAE acquires majority controlling stake of National Bank for Development NBD Egypt + rebrands to ADIB Egypt distinctive UAE-Egyptian Islamic banking acquisition.

2009 — ADIB Egypt EGX IPO under ticker ADIB distinctive Egyptian Islamic banking listing.

2014 — ADIB Egypt Mobile Banking app launch distinctive Egyptian Islamic mobile banking strategy.

Ownership & operator

Operating entity: Abu Dhabi Islamic Bank Egypt S.A.E. (EGX: ADIB; ADIB UAE parent ~52.6% controlling; Egyptian Islamic commercial bank).

Major shareholders: Abu Dhabi Islamic Bank ADIB UAE (ADX: ADIB; UAE Islamic commercial bank) ~52.6% controlling + Egyptian retail + institutional + foreign investors.

Regulators: CBE (Central Bank of Egypt) + ADIB UAE Sharia Board.

Technical integration

ADIB Egypt mobile banking app (iOS + Android) + adib.eg online + ADIB Egypt branch network across Egypt + ADIB Egypt Visa + Mastercard + Meeza cards; InstaPay (IPN) + Meeza.

Implementations & partners

ADIB Group: [[abu-dhabi-islamic-bank]] (Abu Dhabi Islamic Bank ADIB UAE; ADX: ADIB; UAE's largest Islamic commercial bank + ADIB Egypt parent post-Apr 7 2007 ~52.6% acquisition).

Major Egyptian banking + Islamic banking competitors: [[nbe-egypt]] (National Bank of Egypt; Egypt's largest state-owned bank by assets since 1898) + [[cib-egypt]] (Commercial International Bank Egypt; EGX: COMI; LSE: CBKD; Egypt's largest private bank by market cap) + [[qnb-alahli]] (QNB Alahli Egypt; QNB Group Qatari parent ~99% controlling) + [[banque-misr]] (Banque Misr; Egyptian state-owned bank since 1920; BM Online + InstaPay (IPN) primary participant) + [[fab-egypt]] (FAB Egypt; FAB UAE parent subsidiary; Egyptian commercial bank) + [[banque-du-caire]] (Banque du Caire Egyptian state-owned bank since 1952) + [[faisal-islamic]] (Faisal Islamic Bank of Egypt Egyptian Islamic commercial bank) + [[al-baraka-egypt]] (Al Baraka Bank Egypt Egyptian Islamic commercial bank).

Regulators: CBE + ADIB UAE Sharia Board.

Status

Active, ADIB UAE parent ~52.6% controlling + Egyptian Islamic commercial bank + EGX:ADIB + one of Egypt's largest Islamic commercial banks [1, 2].

Sources

1 ADIB Egypt — official
2 Abu Dhabi Islamic Bank Egypt — Wikipedia
eg-cro In-corpus: reports/countries/EG-egypt.md

Source

Biography extracted from adib-egypt.md. See matrix.md for standards-support matrix if present.