Investbank acquires stakes in Amanat Holdings

16/11/2017 05:29 AST

Investbank has affirmed that it has acquired 405 million stocks in Amanat Holdings on behalf of TC Blitz, listed in Abu Dhabi Stock Exchange.

The bank reported in a separate statement to the Abu Dhabi Stock Exchange that Investbank currently owns around 16.4% of Amanat's stake.

Investbank posted net profits of Dhs226 million during the first nine months of this year compared with Dhs233 million during the corresponding period of 2016.

The bank recorded an increase of 14 per cent in its total assets as on September 30, 2017 compared to the corresponding period of 2016 and 9 per cent compared to the balance recorded on December 31st, 2016.

The growth of total assets was supported by the increase in customers' deposits, which rose by 17 per cent compared to the balance recorded on September 30, 2016 and 12 per cent compared with the balance recorded on December 31st, 2016.

This led the ratio of loans to deposits to improve to 94.2 per cent on September 30. Liquidity also improved with the liquid assets reaching 13.4 per cent, exceeding the required percentage of 10 per cent.

Loans and advances increased by 9 per cent compared to the corresponding period of last year and 8 per cent compared to the balance recorded on December 31st, 2016.


The Gulf Today

News

InvestBank net profit rises by 5.14% in H1

13/07/2017

InvestBank achieved positive results during the first half of this year as its net profits rose by 5.14 per cent to Dhs177.9 million, up from Dhs169.23 million during the corresponding period of 2016

The Gulf Today

Invest bank registers Dhs90m profit

25/04/2017

Invest bank has posted a net profit of Dhs90 million by the end of the first quarter of 2017, recording an increase of 5 per cent over the corresponding period of 2016.

The bank recorded

The Gulf Today

Invest bank posts Dhs271.7 million profit by year-end

13/02/2017

Invest bank posted a net profit of Dhs271.7 million by the end of 2016, up by 8 per cent over 2015. The bank posted an operational income of Dhs741 million, while its net operational profit reached D

The Gulf Today

Most Viewed Companies

Ticker Price Volume

Valuation

INVESTB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 390.00 0.00 (0.00%)
FAB 18.00 1.00 (5.88%)
EMIRATESNBD 28.05 1.30 (4.85%)
ADCB 12.68 0.32 (2.58%)
ADIB 20.80 0.20 (0.97%)

Recent News

Doha Bank shareholders approve distribution of 15% cash dividends

05/04/2026

Shareholders of Doha Bank have approved the board of directors' recommendation to distribute cash dividends of QR0.15 per share, equivalent to 15% of the nominal value, Doha Bank chairman Sheikh Faha

Gulf Times

Alramz in deal to build 900-unit integrated community in Jeddah

05/04/2026

Saudi-based Al Ramz Real Estate Company has announced the signing of an agreement for the establishment of a shariah-compliant real estate investment fund, to be managed by Oud Capital (the Fund Mana

Trade Arabia

Jazeera Airways launches three new flights to Indian sub-continent

05/04/2026

Kuwait's leading low-cost carrier Jazeera Airways has announced the launch of flights to three new destinations in the Indian sub-continent - Peshawar and Sialkot in Pakistan, and the South Indian ci

Trade Arabia

NBK - Egypt secures $50 million facility to finance MSMEs in Egypt

03/04/2026

National Bank of Kuwait - Egypt has secured a $50 million financing package from the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), to expand access to

Kuwait Times

ADIB strengthens tie-up with Jubail Investment Company to deliver major project

03/04/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail I

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap