ADIB Egypt was created in 2007 when ADIB and the Emirates International Investment Company acquired the National Bank for Development. It provides Shariah-compliant financial services across 70 branches and employs more than 2,251 people. In December 2022, the National Investment Bank sold 7.6% of its 10% stake in ADIB Egypt for $17.5 million, while the Abu Dhabi Islamic Bank-UAE purchased NIB’s remaining 2.4% stake, increasing its ownership in ADIB Egypt to 52.6%. The bank recorded $71 million in net profits in 2022, an increase of 51% compared to 2021.