ADIB agrees Dhs1.45bn financing deal with Al Habtoor Engineering Enterprises

Notes and media contacts

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999. The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles. ADIB commenced its operations with a paid-up capital of Dhs1bn, where the founding shareholders include Members of the Ruling Family, The Abu Dhabi Investment Authority and Prominent UAE.

ADIB's mission is to become the premier universal Islamic financial institution, operating in accordance with Shari'a principles, by focusing on customer needs, offering innovative products and services, motivating their employees, while maximizing investors and shareholders' returns. ADIB aims to develop a corporate culture that revolves around satisfying customers' needs and to provide them with quality, cost-effective and Shari'a compliant financial services.

ADIB prides itself on its values which reflect the Bank's commitment to the Islamic Shari'a, and are thus the guidelines of the Bank's practices to adhere to the principles of Islam. ADIB's value structure consists of Transparency, Quality, Innovation, Professionalism, Social Responsibility and Empowering Its Staff.

www.adib.ae


About the Al Habtoor Leighton Group

The Al Habtoor Leighton Group was established in September 2007 following the merger of Al Habtoor Engineering, one of the region's leading construction contractors , with the Arabian Gulf operations of Leighton International. The new entity immediately became the UAE's largest construction group, with revenue of over Dhs6bn in 2007. The Group comprises four key operating divisions: Al Habtoor Engineering Dubai; Al Habtoor Engineering Abu Dhabi; Al Habtoor Engineering Qatar; and Gulf Leighton. Leighton International owns a 45% stake in the Group.

Leighton International is part of the Leighton Group, Australia's largest project development and contracting group with annual revenues exceeding $10bn.