Plug and Play managing partner for middle East Omeen Mehrinfar said"We are determined to support ADCB
in achieving its digital and innovation objectives, as well as continuing to attract entrepreneurial talent from across the globe to Abu Dhabi."
According to a statement the financial results are based on six-month pro-forma financial statements for the combined entity, following the merger between ADCB
and Union National Bank, UNB, and the subsequent acquisition of Al Hilal Bank on 1st May 2019.
However, I lost my job in April 2018 and submitted all the necessary documents to ADCB
within the stipulated period of 30 days.
The enlarged ADCB
Group, serving over one million customers, is a powerful new force in the UAE banking sector.
At the separate ADCB
and UNB annual general meetings on Thursday, shareholders approved the terms of the transaction, under which ADCB
will issue convertible bonds to Al Hilal's shareholders as the acquisition price paid by ADCB
for the privately-held bank.
Accordingly, shareholders of Union National Bank (UNB) will be issued with new ADCB
shares on May 1 or the next business day.
Abu Dhabi Commercial Bank (ADCB
) announced it has become the first local bank to establish a presence in the Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) of Abu Dhabi, by opening its flagship private banking centre within the new asset management subsidiary.
will act as the sole provider of cash management, interest rate and lending services to support ADT's ambitious growth strategy, said a statement from the company.
Colin Fraser, head of wholesale banking at ADCB
, said: "ADCB
is committed to playing an integral role in the development of the UAE's critical infrastructure and is proud to be the key relationship bank for Abu Dhabi Terminals.
NIC appreciates the support ADCB
has shown for its development projects in the area."
was awarded Deal of the Year 2013 -- Middle East Restructuring for its role in the successful US$1.7 billion restructuring at Global Investment House.