Other Subsidiaries

In addition to our core banking businesses, ADCB Group is supported by a number of subsidiaries which help us to add even greater value to our customers and the UAE economy. The four featured here provide a snapshot of the success they drive.

Mohamed Binbrek portrait ADCP logo

Mohamed Binbrek
General Manager

Established in 2007, ADCP operates one of the largest mixed-use real estate portfolios within the region. ADCP provides tailored property management solutions representing public, private and corporate landlords across the UAE. Following the merger in 2019, UNB’s Al Wifaq Properties and the real estate division of Al Hilal Bank, were successfully integrated into ADCP, further enhancing customer reach and offering a broader portfolio.

57,000

Individual leasehold tenancies administered

18,000

Property owner enquiries serviced

260,000

Child locks fitted on windows in high rise properties

4,000

Units added to our portfolio in 2019

Hazem Jaber portrait ADCE logo

Hazem Jaber
General Manager

Created in 2007 as the engineering arm of ADCB, ADCE provides engineering-related project management services, from design conception to completion. Our modern and innovative buildings are situated throughout the city. We employ a team of experienced professionals, who have developed lasting relationships with our clients.

670

Vendors added in 2019

1,175

Contractors and sub-contractors

1,700

Landlords

550+

Projects

3,600

Technical memos issued

Hasan Salem Al Hosani portrait ADCB logo

Hasan Salem Al Hosani
General Manager

ADCB Securities, founded in 2005, is our brokerage house which offers customers full access to trade through the UAE’s stock exchanges. With capital of AED 71 million, it is regulated by the SCA (Securities & Commodities Authority) to trade in ADX (Abu Dhabi Securities Exchange), DFM (Dubai Financial Market), and NASDAQ Dubai. In 2019, we successfully integrated with Union Brokerage Company (UBC) and received an award from DFM for being the most active brokerage firm in trading via a mobile app.

AED

25 bn

Total assets under custody

AED

1.1 bn

Total trade value through online trading channels

AED

462 mn

Total lending through margin accounts

16,000+

Total client base

Ashok Luharuwalla portrait ITMAM logo

Ashok Luharuwalla
General Manager

ITMAM, meaning “We Get things Done” in Arabic, was established in 2014 to provide operational support to the ADCB Group. This includes account opening, transaction processing, credit underwriting and contact centre operations among others. We use a Net Promoter Score framework to assess customer satisfaction to deliver an outstanding customer experience.

94.4%

Overall service level targets achieved

10%

Increase in total volumes

34%

Consumer banking accounts opened through Hayyak

96%+

Compliance with ADCB promise and service standards in mystery shopping audits