Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) is expanding its operations in Central Asia by establishing a corporate banking hub in Kazakhstan. This initiative aims to support the region's economic growth through Shari’ah-compliant corporate banking services. ADCB's subsidiary in Kazakhstan, currently known as Al Hilal Islamic Bank JSC, will be rebranded under ADCB’s Islamic Banking arm. The bank will gradually phase out its retail banking activities in Kazakhstan, assisting customers in transitioning to alternative banking options in collaboration with regulators. ADCB's CEO, Ala’a Eraiqat, highlighted the strategic importance of this expansion, emphasizing the bank's commitment to growth and its ability to facilitate trade and investment flows. The new hub will offer a variety of corporate banking services, including financing and cash management solutions. ADCB, a leading bank in the UAE, also has operations in Egypt and is planning to establish a presence in Saudi Arabia.

The document is a review report and condensed consolidated interim financial information for Abu Dhabi Commercial Bank PJSC, covering the six-month period ending June 30, 2024.

The document is a review report and condensed consolidated interim financial information for Abu Dhabi Commercial Bank PJSC, covering the six-month period ending June 30, 2024.

The Abu Dhabi Commercial Bank PJSC released its earnings press release and management discussion and analysis for the second quarter of 2024 on July 18, 2024. For more details, visit adcb.com/ir.

On July 18, 2024, the Board of Directors of Abu Dhabi Commercial Bank (ADCB) held a meeting at 10:00 AM. During the meeting, the Board approved the financial results of the bank as of June 30, 2024, and discussed various other general matters, approving them as appropriate. The letter was addressed to the Disclosures and Compliance Section of the Market Operations Surveillance Department at the Abu Dhabi Securities Exchange. A copy of the letter was also sent to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority (SCA). The letter was signed by Rami Raslan, Group Company Secretary of ADCB.

Resolution No. (433) of 2024 temporarily suspends trading of Abu Dhabi Commercial Bank (ADCB) shares on the Abu Dhabi Securities Exchange (ADX) starting from 10:00 AM on July 18, 2024, until ADX receives the results of the ADCB Board of Directors meeting scheduled for that time. All ADX department heads are instructed to implement this resolution within their respective areas. The resolution will be circulated to the Securities and Commodities Authority (SCA), ADCB, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on July 15, 2024.

The Abu Dhabi Commercial Bank (ADCB) Board of Directors will hold a meeting on Thursday, July 18, 2024, at 10:00 a.m. The agenda includes discussing and potentially approving the bank's financial results as of June 30, 2024, as well as other general matters. Consequently, it is requested that trading of the bank's shares be suspended on that day. The notice is signed by Rami Raslan, Group Company Secretary of ADCB, and a copy has been sent to HE Dr. Maryam Butti Al Suwaidi. The date of the notice is July 15, 2024, with reference number CMD/008/2024.

H.E. Amr Al Menhali has resigned from his position as an independent Board member of Abu Dhabi Commercial Bank PJSC, effective from 24th April 2024 due to personal reasons. The Bank’s majority shareholder, One Hundred and Fourteenth Investment – Sole Proprietorship LLC, has nominated H.E. Dr. Ahmed Mubarak Al Mazrouei as a replacement. The Board of Directors approved the nomination on 12 May 2024, subject to the requirements of the Central Bank of the UAE.

H.E. Amr Al Menhali has resigned from his position as an independent board member of Abu Dhabi Commercial Bank PJSC, effective from 24th April 2024, citing personal reasons. The bank's majority shareholder, One Hundred and Fourteenth Investment – Sole Proprietorship LLC, has nominated H.E. Dr. Ahmed Mubarak Al Mazrouei as the replacement. The Board of Directors approved the nomination on 12th May 2024, subject to the requirements of the Central Bank of the UAE.