ADCB, UNB, and Al Hilal Bank to Combine Forces

Posted on 01/29/2019


Abu Dhabi-based Mubadala Investment Company is merging three major banks in the United Arab Emirates to streamline costs, risks, and operations. Mubadala’s bank shares in each bank are held by the Abu Dhabi Investment Council (ADIC). Mubadala took over ADIC in 2018. Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC […]