Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has revealed plans to invest approximately EGP 1 billion in the digital sector in the near future, according to a bourse filing. This move aligns with the bank’s strategic goals of enhancing investments in technological infrastructure and cybersecurity.
ADIB Egypt also recently disclosed its financial results for the nine-month period ending on September 30, 2024. The bank recorded consolidated net profits of EGP 6.80 billion. Additionally, its standalone net profits after tax surged to EGP 6.65 billion in 9M-24, compared to EGP 3.42 billion in the same period last year.
