Abu Dhabi Commercial Bank’s (ADCB) profit will receive a AED1bn ($272m) boost as a result of the sale of the bank’s 25 per cent stake in Malaysian bank RHB Capital.

Proceeds from the sale to Abu Dhabi investment fund Aabar for $1.91bn will help boost the bank’s balance sheet.

“After considering all related costs … exchange rates, hedging, cost of funding etc … this transaction shall contribute approximately AED1bn to the bank’s overall profit,” said the company in a statement.