28 March 2006
Abu Dhabi Commercial Bank Collects Deal of the Year Award for the Best Investcom IPO deal in the UAE
ADCB has received 'The Deal of the Year Award' from the Banker Magazine and the Financial Times Group for its involvement in the Investcom LLC Deal, the Investcom IPO deal was selected by The Banker Magazine judges as the winning "Deal of the Year" for the United Arab Emirates.
One winning deal was selected per country and the awards spanned over 50 countries where the judges went through hundreds of applications using a wide range of criteria with an emphasis on the degree to which the client objectives were met as well as the complexity and innovation of the deal. On the occasion of winning the award, ADCB was invited to attend the Award Ceremony that was held in Dubai last February 2006 at the Fairmont hotel.
ADCB is a diversified full service bank. Other than banking services that span corporate, retail and commercial banking ADCB is active in the areas of treasury derivatives, infrastructure finance, private banking and wealth management.
Since 1985 ADCB has reported successive years of record profits and consistent growth. Our approach is driven by the ability to create value for our customers by leveraging our skills and expertise. Amongst UAE banks, ADCB has the second largest deposit base and total assets as at 31/12/2005 of AED 57.5 billion with 2005 net profit of AED 1,912 million.
Our strong franchise is supported by a network of 40 branches in the UAE and 2 branches in India.
The Government of Abu Dhabi, through Abu Dhabi Investment Authority (ADIA), holds 65% of the capital while the rest is held by various UAE Institutions and Nationals. ADCB's market capitalization as of 31/12/05 was AED 44 Billion (U.S. $ 12 Billion).
For more information, please visit us on www.adcb.com
Write to Us
I want to: