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About adib.ae
Abu Dhabi, 19 August 2026: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has provided a £27 million (AED 133 million), five-year Shari’a-compliant financing facility to Blacksand Company B.S.C for the financing of a prime logistics warehouse in Glasgow, Scotland. The transaction marks ADIB’s third financing arrangement with the Bahrain-based investment firm, reinforcing the long-standing relationship between the two organisations and their shared confidence in the resilience of the UK logistics sector. The financing supports a 620,090 sq. ft. warehouse that serves as a key regional distribution hub for Morrisons, one of the UK’s leading supermarket chains.
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