UNB and ADCB have agreed to merge and form a stronger, more competitive financial institution. The new banking group will carry the ADCB identity while the combined bank will acquire Al Hilal Bank, which will retain its existing name and brand, to form a separate Islamic arm offering various Sharia’a compliant products and services.
This is an evolving step in our ongoing journey to better serve our customers by enhancing our array of products and services, capabilities and infrastructure.
The transaction is expected to become effective in the first half of 2019, subject to approvals from shareholders and regulators. Until then, the banks will continue to operate independently.
To find out more, please visit www.beyondambition.com , call 800822 or visit any of our branches.