Abu Dhabi Bank held its first annual meeting of its community council at its headquarters in Abu Dhabi. At the meeting, all agenda items were reviewed and approved, including the agreement on the payment of dividends totaling 8.3 billion dirhams available for the financial year ending December 31, 2024 (75 fils per share).
Ghana Al-Rastamani, the bank's chairperson, expressed her satisfaction with the bank's results, noting, "We achieved a net profit of 17.1 billion dirhams and returned 31.6 billion dirhams, indicating a growth of 15% compared to 2023."
The bank strategically invests in technology, artificial intelligence, and innovations to improve efficiency, offer intelligent and innovative services, and enhance the bank's competitiveness. Within the framework of this geographic expansion, the bank strategically invests in talent, technological systems, and innovative technologies, adhering to a disciplined approach to risk management.
The bank launched the "Innovation Center in Finance Using Artificial Intelligence" in partnership with Microsoft in 2024 to expedite the adoption of artificial intelligence technologies in banking services through key partnerships with global leaders in artificial intelligence, such as Microsoft, G42, and Brainmates.
The last Mdm. Hanna Al-Rastamani, the executive director of the Abu Dhabi Bank Group, said: "With the ongoing growth and expansion in the region, we see unique and vast opportunities for connecting the UAE and the Middle East with the entire world." Thanks to the stimulating economic environment, Abu Dhabi Bank delivered excellent results in the past year, supported by expanding business, the provision of innovative services, and increased revenues.
The bank allowed itself to satisfy the dividend requirements for shareholders registered by March 21, 2025 (that is, those who bought shares by March 19, 2025). Those who attended noted the bank's growth over the past years and the increase in returns and net profits, highlighting its ongoing development and success in strengthening its position as a global bank for the UAE.
Abu Dhabi Bank also reported an impressive digital growth, where digital transactions increased by 46%, and over 96% of current requests were processed in a digital format. Vice Chairman Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of the Board of Directors of Abu Dhabi Bank Group, noted: "The results achieved by the bank in 2024 confirm the group's strategy for strengthening the bank's position in the global arena." The profit before tax grew by 13% to 19.9 billion dirhams influenced by clients' assets and robust business.
