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Abu Dhabi Islamic Bank first-quarter profit plunges 55%

Abu Dhabi Islamic Bank on Sunday (May 10) reported first-quarter Group net profit of 269.69 million dirhams ($73.44 million) compared to 600.34 million dirhams for the same period last year, a plunge of 55.08%. The bank said in a filing with the Abu Dhabi Securities Exchange the drop was driven…

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