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Jawaan Awaidah Al Khaili

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UAE: Abu Dhabi's Biggest Islamic Bank Reports H1 Net Profit of $160 Million
August 13th, 2020 - 12:00 GMT

UAE: Abu Dhabi's Biggest Islamic Bank Reports H1 Net Profit of $160 Million

Abu Dhabi Islamic Bank (ADIB) has reported a net profit of AED587.6 million ($160 million) and AED2.5 billion in net revenue for the first half of the year (H1). Net revenue for H1 decreased to AED2,556.6 million from AED2,887.1 million in H1 2019, reported Emirates news agency Wam , citing an ADIB statement. Jawaan Awaidah Al Khaili, Chairman of ADIB, said: "This period demonstrated the resilience of the bank’s businesses ...
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