Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region. Find out more
ADCB Group is a leading UAE banking group that provides a full suite of award-winning products and services, spanning Consumer Banking, Wholesale Banking, Treasury & Investments and Property Management.
On 1 May 2019, ADCB and Union National Bank merged and the combined entity acquired Al Hilal Bank, which operates as a separate Islamic banking entity under its own brand within the Group. The transaction reinforced ADCB’s position as the third largest bank in the UAE, with assets of AED 423 billion based on pro forma financial information as at 31 December 2018.
The Group serves approximately 1 million customers.
ADCB Group, which is 60.2% owned by the Government of Abu Dhabi through the Abu Dhabi Investment Council, trades on the Abu Dhabi Securities Exchange (ADX) under the ticker of ADCB. As of 1 May 2019, ADCB’s market capitalisation was AED 67 billion.
Further information on ADCB can be found at adcb.com and information on the transaction between ADCB, UNB and Al Hilal Bank can be found at beyondambition.com.
About 360T Group
360T, Deutsche Börse Group’s Foreign Exchange unit, is an independent, globally-established trading venue. The company provides web-based trading technology for OTC instruments, integration solutions and related services. In addition to its multi-bank portal for FX, Cash, Money Market and Interest Rate Derivatives products, 360T, together with Deutsche Börse Group, provides its clients with the most holistic offering on the market by combining FX OTC and on-exchange FX trading and clearing. This infrastructure is the foundation for a truly hybrid model and a unique future FX ecosystem.
360T’s secure global transaction network enables clients to trade with greater transparency and enhanced control at every stage of the trading lifecycle. The company also offers licensing for a hosted white labelled trading tech solution, between a scalable group of price-takers and either proprietary price providers or a rich selection of back-to-back liquidity sources. Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York, Singapore, India and Dubai.
Further information: www.360t.com
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Citi, the leading global bank, has approximately 2OO million customer accounts and does business in more than 16O countries and jurisdictions. Citi’s Treasury and Trade Solutions (TTS) enables our clients’ success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry’s largest proprietary network with banking licenses in over 9O countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry’s most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.
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The Gulf Bond and Sukuk Association (GBSA) is the non-profit member organisation that speaks with a single harmonized voice for the region’s rapidly evolving debt capital market.
www.gulfbondsukuk.org
Established in 2002, GTR is the world’s leading news source, publisher and event organiser for the global trade, commodity and export finance markets, based in London.
With an unparalleled base of contacts and a wealth of industry experience, GTR offers a one stop shop of information, events and services, acting as the ultimate resource for the global trade, commodity and export finance communities.
Visit www.gtreview.com and register with GTR to receive our weekly eNewsletters, as well as gain access to the private GTR Connect where you’ll be able to network with industry peers, or call us at +44 (0) 20 8673 9666.
