Latest news with #ADIB
Zawya
13 hours ago
- Business
- Zawya
RAKEZ, ADIB sign partner to simplify banking for investors, support business growth
Ras Al Khaimah Economic Zone (RAKEZ) has recently signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, aimed at facilitating the bank account opening process for RAKEZ clients. The agreement was signed by RAKEZ Chief Government and Corporate Relations Officer Yaser Abdulla Al Ahmed, and ADIB Retail Banking Global Head Amit Malhotra. Through this partnership, RAKEZ clients will gain seamless access to ADIB's diverse range of business banking products and services. This includes a broad selection of business accounts with comprehensive features, along with a full suite of bespoke digital banking solutions tailored to the needs of SMEs and start-ups. Commenting on the partnership, Ramy Jallad, Group CEO of RAKEZ, said, 'At RAKEZ, we are always looking for ways to improve our service offering and enhance the overall investor experience. Our collaboration with ADIB is part of our commitment to providing end-to-end support for our clients, from business licensing to banking facilitation. With this added layer of support, clients can transition quickly from set-up to success, focusing more on growth opportunities and less on administrative tasks.' Amit Malhotra, Global Head of Retail Banking at ADIB, said, 'Our partnership with RAKEZ demonstrates our unwavering commitment to empowering SMEs, the backbone of the UAE's economy. ADIB is committed to facilitating the growth of SMEs and has been constantly supporting them through several initiatives that enable business owners to reach their full potential. This collaboration not only enhances our ability to provide advanced Sharia-compliant banking solutions but also solidifies our role as a trusted partner for growth-oriented businesses. Through this initiative, we are extending our support to SMEs with tailored financing options and comprehensive banking services that cater to their unique needs, enabling them to scale, innovate, and contribute to the UAE's long-term economic vision.' The collaboration reflects RAKEZ's ongoing commitment to simplifying the business journey for investors and entrepreneurs, making it easier and more efficient to start and operate a business in the UAE. By combining their resources and expertise, RAKEZ and ADIB aim to empower SMEs with advanced financial tools that support their growth, while contributing to the UAE's vision of strengthening the SME sector as a key pillar of the national economy.
Zawya
16 hours ago
- Business
- Zawya
RAKEZ and ADIB sign strategic partnership to simplify banking for investors and support business growth
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has recently signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, aimed at facilitating the bank account opening process for RAKEZ clients. The agreement was signed by RAKEZ Chief Government & Corporate Relations Officer Yaser Abdulla Al Ahmed, and ADIB Retail Banking Global Head Amit Malhotra. Through this partnership, RAKEZ clients will gain seamless access to ADIB's diverse range of business banking products and services. This includes a broad selection of business accounts with comprehensive features, along with a full suite of bespoke digital banking solutions tailored to the needs of SMEs and start-ups. Commenting on the partnership, Ramy Jallad, Group CEO of RAKEZ, said, 'At RAKEZ, we are always looking for ways to improve our service offering and enhance the overall investor experience. Our collaboration with ADIB is part of our commitment to providing end-to-end support for our clients, from business licensing to banking facilitation. With this added layer of support, clients can transition quickly from set-up to success, focusing more on growth opportunities and less on administrative tasks.' Amit Malhotra, Global Head of Retail Banking at ADIB said: 'Our partnership with RAKEZ demonstrates our unwavering commitment to empowering SMEs, the backbone of the UAE's economy. ADIB is committed to facilitating the growth of SMEs and has been constantly supporting them through several initiatives that enable business owners to reach their full potential. This collaboration not only enhances our ability to provide advanced Sharia-compliant banking solutions but also solidifies our role as a trusted partner for growth-oriented businesses. Through this initiative, we are extending our support to SMEs with tailored financing options and comprehensive banking services that cater to their unique needs, enabling them to scale, innovate, and contribute to the UAE's long-term economic vision.' The collaboration reflects RAKEZ's ongoing commitment to simplifying the business journey for investors and entrepreneurs, making it easier and more efficient to start and operate a business in the UAE. By combining their resources and expertise, RAKEZ and ADIB aim to empower SMEs with advanced financial tools that support their growth, while contributing to the UAE's vision of strengthening the SME sector as a key pillar of the national economy. -Ends- For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZ Email: About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 30,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah. For more information, visit About Abu Dhabi Islamic Bank (ADIB) For media information, please visit or contact: ADIB Lamia Khaled Hariz Head of Public Affairs Edelman Simon Hailes Director of Financial Communications
Argaam
24-06-2025
- Business
- Argaam
Dar Al Arkan set to issue USD-denominated sukuk
Dar Al Arkan Real Estate Development Co. is set to issue US-denominated, Shariah-compliant, fixed-rate, senior unsecured sukuk under Regulation S, according to a statement to Tadawul. The real estate developer mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Alkhair Capital, Al Rayan Investment, Arqaam Capital, Bank ABC, Dubai Islamic Bank (DIB), Emirates NBD Capital, First Abu Dhabi Bank, J.P. Morgan, Mashreq Bank, Sharjah Islamic Bank, Standard Chartered Bank, and Warba Bank as joint lead managers and bookrunners to arrange a series of fixed income investor meetings starting June 24, 2025. The company added that the sukuk issuance will follow these meetings, subject to market conditions, regulatory approvals, and in accordance with Regulation S offering guidelines in global markets. On May 29, Dar Al Arkan's board approved the sukuk issuance, with the size of the offering to be determined based on prevailing market conditions, and the proceeds will be used for general corporate purposes. The offering will be subject to the approval of the relevant regulatory authorities. The issuance will also be subject to the stabilization rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA). The company noted that any material developments will be disclosed in due course in accordance with applicable laws and regulations.
Al Bawaba
23-06-2025
- Business
- Al Bawaba
ADIB Celebrates the graduation of 'High-Flyer' Development Programme
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced the successful graduation of its inaugural cohort from the High-Flyer Development Programme. This initiative is part of ADIB's strategic commitment to cultivating internal talent and developing future leaders across the organisation. The graduation ceremony was held in the presence of H.E. Jawaan Awaidha Al Khaili, Chairman of ADIB, alongside Board of Directors members, Group Chief Executive Officer, and senior executives. Launched in September 2024 in collaboration with AFAQ, the High-Flyer Development Programme was designed to identify and accelerate the career progression of high-potential employees across ADIB's business units. Over a six-month period, participants engaged in executive mentorship, cross-functional training, and strategic innovation assignments. The curriculum covered diverse modules including change management, high-performance teamwork, customer-centric leadership, effective communication, and performance measurement, with a focus on developing forward-thinking banking leaders. Commenting on the occasion, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said: 'ADIB launched this programme as part of our long-term vision to prepare a new generation of banking leaders. These graduates represent the future of ADIB, and we are proud to have supported their development through structured learning experiences in collaboration with globally respected academic institutions. Human capital development remains a strategic priority for us.' Bushra Al Shehhi, Group Chief Human Resources Officer at ADIB, added: 'Learning, training, and upskilling youth are at the core of our strategic agenda. ADIB's work culture is built around empowering talent through structured development programmes, ensuring our workforce evolves alongside the industry and remains equipped to address tomorrow's challenges.' ADIB continues to prioritise talent development as a pillar of long-term institutional resilience. By investing in in-house capabilities, the bank fosters a sustainable leadership pipeline and supports its ambition to build a future-ready organisation aligned with ADIB Vision 2035.
Zawya
23-06-2025
- Business
- Zawya
ADIB celebrates the graduation of 'High-Flyer' development programme
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced the successful graduation of its inaugural cohort from the High-Flyer Development Programme. This initiative is part of ADIB's strategic commitment to cultivating internal talent and developing future leaders across the organisation. The graduation ceremony was held in the presence of H.E. Jawaan Awaidha Al Khaili, Chairman of ADIB, alongside Board of Directors members, Group Chief Executive Officer, and senior executives. Launched in September 2024 in collaboration with AFAQ, the High-Flyer Development Programme was designed to identify and accelerate the career progression of high-potential employees across ADIB's business units. Over a six-month period, participants engaged in executive mentorship, cross-functional training, and strategic innovation assignments. The curriculum covered diverse modules including change management, high-performance teamwork, customer-centric leadership, effective communication, and performance measurement, with a focus on developing forward-thinking banking leaders. Commenting on the occasion, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said: 'ADIB launched this programme as part of our long-term vision to prepare a new generation of banking leaders. These graduates represent the future of ADIB, and we are proud to have supported their development through structured learning experiences in collaboration with globally respected academic institutions. Human capital development remains a strategic priority for us.' Bushra Al Shehhi, Group Chief Human Resources Officer at ADIB, added: 'Learning, training, and upskilling youth are at the core of our strategic agenda. ADIB's work culture is built around empowering talent through structured development programmes, ensuring our workforce evolves alongside the industry and remains equipped to address tomorrow's challenges.' ADIB continues to prioritise talent development as a pillar of long-term institutional resilience. By investing in in-house capabilities, the bank fosters a sustainable leadership pipeline and supports its ambition to build a future-ready organisation aligned with ADIB Vision 2035. About ADIB ADIB is a leading bank in the UAE with AED 244 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX). ADIB has a strong presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Qatar, and Iraq. Named World's Best Islamic Bank by The Financial Times - The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products. For media information, please visit or contact: ADIB Edelman Lamia Khaled Hariz Simon Hailes Head of Public Affairs Director of Financial Communications
