On the occasion of its 40th anniversary, Abu Dhabi Commercial Bank (‘ADCB’) has launched a creative growth strategy that aligns with the UAE’s progressive economic trajectory and contributes to the country’s status as a leading global financial powerhouse. The plan lays forth a clear path to align with the country’s goals through a significant expansion in scale and reach.
Setting out the Bank’s headline aims under the new strategy, Ala’a Eraiqat, ADCB Group CEO, stated: “ADCB has come a long way since 2020 under the stewardship of its Board.” As the bank continues on its path, and to meet the magnitude of the UAE’s vision, it is rapidly expanding while establishing clear and accountable goals to create significant value for shareholders. ADCB seeks to achieve the following targets by maintaining a high growth rate, rewarding investors with both growth and income:
Doubling net profit to Dhs20 billion over the next five years, while aiming for an annual growth rate of over 20%. Increasing year-on-year paid-out dividends throughout the same period, with ADCB aiming to boost its total targeted dividend payout to about Dhs25 billion over the next five years, up 50% compared to the total dividend payout in the preceding five-year period*.
Delivering an annual return on equity of more than 15% while maintaining acceptable regulatory ratios and an appropriate capital position to drive future growth. The Board has approved a detailed strategic blueprint outlining a clear path for achieving this goal.
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