7 ADCB GROUP

Forbes Middle East - - THE LIST -

Coun­try: U.A.E. Sales: $3.7 B

Prof­its: $1.3 B As­sets: $76.2 B Mar­ket Value: $18.3 B

The Abu Dhabi Com­mer­cial Bank Group (ADCB) is a full-ser­vice com­mer­cial bank of­fer­ing a wide range of prod­ucts and ser­vices in­clud­ing re­tail, pri­vate, cor­po­rate, com­mer­cial and in­vest­ment bank­ing. The group serves over 600,000 re­tail clients and ap­prox­i­mately 50,000 whole­sale clients.

On May 1 2019, ADCB merged with the Al Hi­lal Bank and UNB to form the ADCB Group. UNB has been delisted and dis­solved as a le­gal en­tity, while the Al Hi­lal Bank will re­main a sep­a­rate Is­lamic bank­ing en­tity.

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