As part of its expansion strategy, Abu Dhabi Islamic Bank (ADIB) has announced that it will have a greater than 52% ownership stake in ADIB Egypt. As disclosed to the Abu Dhabi Securities Exchange (ADX) on Thursday, ADIB announced that it had acquired 9.6 million shares from the National Investment Bank (NIB) representing 2.4% of the shares outstanding in ADIB Egypt. ADIB UAE now owns 52.607% of the Egyptian unit of the company as a result of the deal.



