ADIB board to meet on July 23

Dubai:

Abu Dhabi Islamic Bank (ADIB) said on Monday its board will meet on July 23 to discuss and approve second quarter to June results.

The meeting will be held at 2.30pm, the bank said in a statement posted on Abu Dhabi Securities Exchange’s website.

In the three months to June, ADIB Group’s net profit increased 19.8 per cent to Dh577.5 million in the first quarter of 2017, compared to Dh482 million in the same quarter last year. Group net revenues for the first quarter increased by 4.3 per cent to Dh1.37 billion.