BNET Industries

Last Fiscal Year Sales:$785.9M
  • Public
  • US
Dow Jones Description

Banking Services

Number of Employees 1,036
Contact Information

Elnajda St

Abu Dhabi

(971) 26343000

NAICS Code Commercial Banking: 522110

Recent Events

  • Abu Dhabi Islamic Bank selects Advent Portfolio Exchange

    10/29/09 - Licensing / Contract - View Story

News & Analysis

abu dhabi islamic bank - All News and Analysis

  • ABU DHABI ISLAMIC BANK TO ACQUIRE 52% STAKES IN NBD

    - 2007-05-03

    According to Al-Ahram newspaper (May 2, 2007), a delegation representing the Abu Dhabi Islamic Bank has ended a visit to Cairo through which it conducted intensive meetings with the Egytian Central Bank's Governor, Farouq Abdel Baki Al Okda, for acquiring 52% stakes in the Egyptian National Bank for development NBD....

    Tags: Abu Dhabi Islamic Bank

  • HSBC Amanah lead manages US$800 million sukuk for Abu Dhabi Islamic Bank.

    - 2006-12-07

    Dec. 7--HSBC Amanah acted as Sole Arranger of a US$5 billion Trust Certificate Programme for Abu Dhabi Islamic Bank ("ADIB") and Sole Lead Manager and Sole Bookrunner for the debut US$800 million 5 year sukuk issue under the programme. The sukuk are rated 'A2' by Moody's...

    Tags: Abu Dhabi Islamic Bank

  • ABU DHABI ISLAMIC BANK POSTS 180% PROFIT CLIMB

    - 2006-01-18

    According to Al-Bayan newspaper (January 18, 2006), Abu Dhabi Islamic Bank ADIB, the world's biggest Islamic banking institution, posted Dh 344.7 million net profits last year compared with Dh 122.9 million in the previous year, an impressive 180% growth. This remarkable growth in profit comes as result of the expansion...

    Tags: Abu Dhabi Islamic Bank

  • ABU DHABI ISLAMIC BANK POSTS 209% PROFIT INCREASE

    - 2005-07-11

    According to Al-Bayan newspaper (July 10, 2005), Abu Dhabi Islamic Bank posted Dh 141.6 million net operating profits in the first half of the current year compared with Dh 45.8 million in the corresponding period of last year, an impressive increase of 209%. The total assets have grown up to...

    Tags: Abu Dhabi Islamic Bank

  • ABU DHABI ISLAMIC BANK INAUGURATED NEW BRANCH

    - 2004-09-19

    According to Al-Bayan newspaper (September 19, 2004), in the presence of senior government and bank officials and other dignitaries, Shaikh Abdullah bin Mohammed bin Butti Al Hamed, Undersecretary, Court of the Ruler's Representative, inaugurated the new branch of the Abu Dhabi Islamic Bank ADIB at Madinat Zayed in the Western...

    Tags: Abu Dhabi Islamic Bank

  • ABU DHABI ISLAMIC BANK INAUGURATES BRANCH IN DIBBA

    - 2004-08-10

    According to Al-Bayan newspaper (August 10, 2004), Abu Dhabi Islamic Bank inaugurated its new branch in Dibba, Fujairah, yesterday. The new branch will offer all the products and services, whether retail or corporate, available to all ADIB customers and will ensure that the customers on the East Coast, have an...

    Tags: Abu Dhabi Islamic Bank

  • ABU DHABI ISLAMIC BANK WITNESSES INCOME GROWTH

    - 2004-04-21

    According to Al-Sharq Al-Awsat newspaper (April 21, 2004), the Chairman of the Board of the Abu Dhabi Islamic Bank ADIB, Obaid bin Saif Al Nasseri, said that ADIB had recorded a net profit of Dh 101 million in 2003, registering an increase of 33% over the previous year. The chairman...

    Tags: Abu Dhabi Islamic Bank

  • ABU DHABI ISLAMIC BANK RECORDS 33% PROFITS GROWTH

    - 2004-02-05

    According to Al-Bayan newspaper (February 5, 2004), Abu Dhabi Islamic Bank announced a net profit of Dh 100.56 million ($27.40 million) for 2003 compared with Dh 75.62 million ($20.60 million) in 2002. These figures translate into a 33% growth. Abu Dhabi Islamic Bank was established on 20th May 1997 as...

    Tags: Abu Dhabi Islamic Bank

  • Abu Dhabi Islamic Bank Completes IT Project

    - 2003-04-10

    The Abu Dhabi Islamic Bank Adib announced the completion of a Dh19 million (US$5.17 million)core banking and disaster recovery IT project, according to Gulf News. The project was designed to eliminate any single point of failure, by providing full redundancy of the main banking systems in the head...

    Tags: Abu Dhabi Islamic Bank

  • Abu Dhabi Islamic Bank Completes IT Project

    - 2003-04-09

    The Abu Dhabi Islamic Bank Adib announced the completion of a Dh19 million (US$5.17 million)core banking and disaster recovery IT project, according to Gulf News. The project was designed to eliminate any single point of failure, by providing full redundancy of the main banking systems in the head...

    Tags: Abu Dhabi Islamic Bank

Decision Makers

Name (plus bio) Position
Abdul Aziz Al Mehairi CEO
Amgad S. Younes Senior Vice President & Head, Finance Control, Strategic Planning
Hamid Taylor Senior Vice President, Corp & Commercial Finance
Stuart Henrickson Senior Vice President, Treasury & Investment Banking
M.T. Nilamdeen Vice President, Corp & Commercial Finance
P.P. Abdulla Vice President, Corp & Commercial Finance
Salam Al Mussalam Assistant Vice President, Corp & Commercial Finance
Ahmed Darwish Al Marar Managing Director
Khamis Buharoon Managing Director
Jafar Ali Senior Relationship Manager, Corp & Commercial Finance
Moawia A. El Amin Relationship Manager, Corp & Commercial Finance
Rauf Ahmed Head, Structured & Project Finance & Senior Manager
Khalid Nazir Head of the Investment Banking Department

Board of Directors

Name (plus bio) Position
Ahmed Mohamed Foulathi Deputy Chairman
Abdul Sattar Abu Ghidda Vice Chairman
Ahmed Darwish Al Murar Board of Directors
Ahmed Mohamed Folathi Board of Directors
Al Mohannadi Board Member
Juma Khamis Al Khaili Board of Directors
Khalid Ahmed Al Suwaidi Board of Directors
Mohamed Bin Humooda Board of Directors
Mohamed Saif Al Suwaidi Board of Directors
Mubarak Matar Al Hamiri Board of Directors
Saeed Hafeedh Al Mazrouei Board of Directors
Salem Mohamed Salem Ballama Board of Directors

Organization Position Status
Abu Dhabi Islamic Bank CEO Current

Organization Position Status
Abu Dhabi Islamic Bank Senior Vice President & Head, Finance Control, Strategic Planning Current

Organization Position Status
Abu Dhabi Islamic Bank Senior Vice President, Corp & Commercial Finance Current

Organization Position Status
Abu Dhabi Islamic Bank Senior Vice President, Treasury & Investment Banking Current

Organization Position Status
Abu Dhabi Islamic Bank Vice President, Corp & Commercial Finance Current

Organization Position Status
Abu Dhabi Islamic Bank Vice President, Corp & Commercial Finance Current

Organization Position Status
Abu Dhabi Islamic Bank Assistant Vice President, Corp & Commercial Finance Current

Organization Position Status
Abu Dhabi Islamic Bank Managing Director Current

Organization Position Status
Abu Dhabi Islamic Bank Managing Director Current
Abu Dhabi Islamic Bank Board of Directors Current

Organization Position Status
Abu Dhabi Islamic Bank Senior Relationship Manager, Corp & Commercial Finance Current

Organization Position Status
Abu Dhabi Islamic Bank Relationship Manager, Corp & Commercial Finance Current

Organization Position Status
Abu Dhabi Islamic Bank Head, Structured & Project Finance & Senior Manager Current

Organization Position Status
Abu Dhabi Islamic Bank Head of the Investment Banking Department Current
Capital Management House Board Member Current
University of Oxford M.A. Former
University of Oxford B.A. In Engineering Science and Economics Former

Organization Position Status
Abu Dhabi Islamic Bank Deputy Chairman Current

Organization Position Status
Abu Dhabi Islamic Bank Vice Chairman Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current

Mr. Salem Al Mohannadi is currently the Executive Director for Finance and Administration Department at Abu Dhabi Investment Authority, Chairman of Tunis and Emirates Bank, Vice Chairman of Abu Dhabi Holding Company. He is also Board member of Al Salam Bank Sudan, Al Salam Bank-Algeria and Emaar Properties, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Abu Dhabi Investment company, Arab Investment Company-Riyadh, Arab Jordan investment Bank-Amman and Arab International Investment Bank-Cairo.

Organization Position Status
Al Salam Bank Bahrain Board of Directors Current
Abu Dhabi Islamic Bank Board Member Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current
Abu Dhabi Islamic Bank Chairman Former

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current
Abu Dhabi Islamic Bank Vice Chairman Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current

Organization Position Status
Abu Dhabi Islamic Bank Board of Directors Current
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