The National Bank for Development (NBD) is set to launch Abu Dhabi Islamic Investment Company (ADI Capital) in collaboration with Abu Dhabi Islamic Bank (ADIB) by the end of 2012.
The first Islamic investment banking firm has an authorized capital of EGP 50 million and paid-up capital of EGP 5 million. The holding company’s ownership structure is divided as follows: Abu Dhabi Islamic Holding Company (ADI Holding)(95%), National Bank for Development (2.5%) and Abu Dhabi Lease Services (ADI Lease) (2.5%).
Abu Dhabi Islamic Investment Company (ADI Capital) will offer a package of integrated investment services and financial consultations as well as financial restructuring of the companies with the aim of increasing the profits, said Ahmed Al Masry, CEO and Managing Director of the company.
The Company also plans to provide consultations about mergers and acquisitions, starting from the companies’ assessment and the due diligence processes to sealing acquisition deals and conducting financial transactions, Al Masry added.
The Company will offer many services to the Egyptian market such as marketing for providing the direct investments and contributions needed for the leading projects and companies in Egypt, besides a number of innovative financial structuring solutions as well as consultations about budget restructuring, securitization and sukuk (Islamic bonds) issuance and investment.
ADI Holding launches ADI Capital as part of its strategy to create professional bodies for providing sharia-compliant finance services in the Egyptian market which is one of the leading markets in the Arab countries.
