Latest news with #ADIBEgypt
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
ADIB Egypt publishes second sustainability report for 2024
In a move that reaffirms its leadership in sustainable Islamic banking, Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has released its second annual Sustainability Report for 2024, aligning with the Global Reporting Initiative (GRI) Standards. Covering the period from January to December 2024, the report outlines the bank's performance across environmental, social, and governance (ESG) domains. It offers a transparent and comprehensive view of ADIB Egypt's current sustainability practices and their integration into its broader corporate strategy—underscoring the bank's commitment to supporting Egypt's transition to a green and sustainable economy. The report reflects ADIB Egypt's full embrace of sustainability and sustainable finance principles, which have become vital benchmarks in evaluating financial institutions at both local and international levels. It also highlights the bank's positioning as a regional sustainability leader—a reputation recognised through several prestigious international awards and accolades. Regional Recognition and Leadership ADIB Egypt received five international awards in 2024, acknowledging its advanced standing in sustainable finance. In addition, CEO and Managing Director Mohamed Ali was honoured by the League of Arab States as one of the Arab region's most influential sustainability leaders, in recognition of his role in embedding a sustainability-first culture within the financial sector. 'Sustainability is a core pillar of our corporate strategy,' said Ali. 'The release of our second Sustainability Report in accordance with GRI Standards affirms our long-standing commitment. The report reflects our efforts to integrate sustainability indicators into every level of our operations and to adopt sustainable finance as a practical framework.' He added that the bank's global recognition reflects its success in aligning Islamic banking principles with sustainability objectives, reinforcing its status as a responsible financial institution that actively contributes to community development, environmental protection, and economic advancement. Key ESG Initiatives and Milestones As part of its growing commitment to ESG principles, ADIB Egypt implemented a number of impactful initiatives in the first half of 2025: Carbon Footprint Reporting:The bank issued its fourth Carbon Footprint Report, reaffirming its environmental responsibility and ongoing efforts to reduce emissions and promote eco-friendly practices. Public Engagement in Climate Action:ADIB Egypt sponsored Egypt's largest public race, organised in collaboration with the British University in Egypt. With over 7,000 participants, the event supported the United Nations' Sustainable Development Goal (SDG 4) on quality education. Climate Governance Participation:The bank joined the Chapter Zero Egypt initiative, reinforcing its commitment to advancing environmental governance and climate action. Community Investment:Through its charitable foundation, the bank continues to invest in community-focused initiatives that generate tangible social impact. These include programmes targeting economic empowerment, educational support, and broader financial inclusion—especially for vulnerable groups. ADIB Egypt's 2024 Sustainability Report not only documents progress but also sets the foundation for future ambitions in line with national priorities and global climate and development goals. The bank reaffirmed its pledge to remain at the forefront of sustainable Islamic finance in Egypt, continually advancing its ESG agenda while contributing meaningfully to the country's long-term economic and social development.
bnok24
22-05-2025
- Business
- bnok24
ADIB-Egypt CEO Honored as One of the Arab Region's Most Influential Sustainability Leaders
Mohamed Aly, CEO and Managing Director of ADIB-Egypt, was honored by H.E. Ahmed Aboul Gheit, Secretary-General of the League of Arab States, and His Highness Sheikh Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, during the annual 'Arab Sustainability Day' celebration held on 22nd May 2025 at the League's headquarters in Cairo The involvement of His Highness the Crown Prince reflects the United Arab Emirates' continued leadership and commitment to regional sustainability efforts The event, organized by the Department of Sustainable Development and International Relations of the League of Arab States, recognizes distinguished Arab figures advancing sustainable development across the region. Mohamed Aly was selected for this honor in recognition of ADIB-Egypt's pioneering leadership in Islamic sustainable banking, and its influential role in promoting responsible sustainability practices in Egypt In Y 2024, ADIB-Egypt was named 'Best Islamic Sustainable Bank' six times by leading global institutions—solidifying its position as the most awarded Islamic sustainable bank in the country. Under Aly's leadership, the bank has integrated environmental, social, and governance (ESG) principles into its core operations, setting new benchmarks in the Egyptian market for sustainable and Sharia-compliant finance The ceremony brought together regional government representatives, private sector leaders, civil society organizations, and media—all united by a shared commitment to building a more sustainable and secure future for the Arab world Google News تابعونا على تابعونا على تطبيق نبض ADIB EgyptADIB-Egypt CEOUnited Arab Emirates جاري التحميل ...
Zawya
12-05-2025
- Business
- Zawya
ADIB Egypt's consolidated profits soar 43.34% YoY in Q1 2025
Arab Finance: Abu Dhabi Islamic Bank's (ADIB Egypt) consolidated net profits attributed to the bank increased by 43.34% year on year (YoY) to EGP 3.032 billion in the first quarter (Q1) of 2025, versus EGP 2.115 billion, a filing showed. Net interest income grew to EGP 4.706 billion in Q1 2025 from EGP 3.241 billion in the year-ago quarter. For standalone results, the lender registered net profits after tax of EGP 2.937 billion in Q1 2025, compared to EGP 2.104 million in Q1 2023. Meanwhile, net standalone interest income rose to EGP 4.603 billion from EGP 3.175 billion. ADIB Egypt is an award-winning bank that started its operations in Egypt after acquiring the National Bank for Development (NBD) through the Emirati consortium of Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) in 2007. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
12-04-2025
- Business
- Daily News Egypt
ADIB joins ‘Chapter Zero Egypt' to advance climate governance, sustainability goals
Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) has officially joined the 'Chapter Zero Egypt' initiative, a strategic step that underscores the bank's strong commitment to sustainability and climate governance. This move reflects ADIB Egypt's alignment with global environmental, social, and governance (ESG) standards and further enhances its role in promoting sustainable finance in Egypt's banking sector. Membership in 'Chapter Zero Egypt' grants the bank access to a wide network of climate governance experts, supporting its efforts to deepen the integration of sustainability into its corporate strategy and operations. The initiative is part of a broader push to foster responsible corporate practices and advance Egypt's national agenda for sustainable development. 'We believe it is our responsibility to help shape a green and sustainable future for the coming generations,' said Mohamed Ali, CEO and Managing Director of ADIB Egypt. 'Our philosophy rests on the idea that financial success and sustainability go hand in hand. That's why we're constantly innovating to deliver simple, convenient banking solutions that reflect the highest sustainability standards and contribute to a better tomorrow.' He added: 'Through our participation in 'Chapter Zero Egypt,' we will continue to uphold international standards, adopt environmentally responsible practices, and support our clients in making a more inclusive and just transition toward sustainability.' In recent years, ADIB Egypt has made substantial progress in embedding ESG principles across its operations. The bank has introduced energy-efficient practices in its branches, launched green financing products, and worked to systematically reduce its carbon footprint. It has also aligned its operations with the goals of the Paris Climate Agreement and adopted environmentally responsible policies in areas such as procurement, waste management, and resource efficiency. The bank's ongoing efforts are supported by regular carbon footprint reporting, ensuring transparency and accountability in its sustainability performance. These practices not only reduce the environmental impact of its own operations but also empower clients to adopt sustainable business models and lower their emissions. By integrating sustainability into all aspects of its business, ADIB Egypt continues to position itself as a leader in responsible finance. The bank acknowledges the financial sector's pivotal role in addressing climate challenges and is committed to driving the transition toward a low-carbon, inclusive economy—both through its internal practices and its support for clients on their sustainability journeys.
