Abu Dhabi Islamic traded at 20.20 this Tuesday November 3rd, increasing 0.10 or 0.50 percent since the previous trading session. Looking back, over the last four weeks, Abu Dhabi Islamic gained 12.86 percent. Over the last 12 months, its price fell by 2.23 percent. Looking ahead, we forecast Abu Dhabi Islamic to be priced at 20.40 by the end of this quarter and at 19.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Abu Dhabi Islamic Bank PJSC (ADIB) is a United Arab Emirates-based bank. The Bank is structured into five business segments: the Retail banking segment provides consumer and commercial murabahat, Ijara, Islamic covered card and funds transfer facilities and trade finance facilities; the Wholesale banking segment provides financing and other credit facilities and deposits and current accounts for corporate and institutional customers; the Private banking segment offers financing and other credit facilities, deposits and current accounts for high-net worth individual customers; the Capital markets segment covers money market brokerage, trading and treasury services, and the Real estate segment undertakes the acquisition, selling, development and leasing, among others. On September 1, 2014, the Bank and Barclays PLC sold Barclays' United Arab Emirates (UAE) retail banking business.