Abu Dhabi Islamic Bank to Cut Jobs\, Shut Branches to Save Costs

Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save Costs
The offices of the Abu Dhabi Islamic Bank PJSC (ADIB) stand in Dubai, United Arab Emirates. (Photographer: Christopher Pike/Bloomberg)

Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save Costs

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(Bloomberg) -- Abu Dhabi Islamic Bank PJSC is seeking to save about 500 million dirhams ($136 million) by cutting jobs and closing branches as sluggish economic growth weighs on the finance industry.