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News Article

18 December 2004

ADCB First to Sign at Industrial City of Abu Dhabi (ICAD)

Abu Dhabi October 3, 2004: ADCB has laid the foundation for a long-term collaboration with the Industrial City of Abu Dhabi (ICAD) by signing a Business agreement today at the bank's head office in Abu Dhabi. ADCB is the first bank in the UAE to sign up with ICAD and as such demonstrates ADCB's steadfast commitment and support of the unique development. The agreement was signed at ADCB's head office in Abu Dhabi between Eirvin Knox, Chief Executive Officer at ADCB and Ali Al Mansouri, General Manager of Higher Corporation for Specialised Economic Zones. The new branch will be known as the ADCB Business Centre is expected to open at the end of November.

"It gives me great pleasure to announce our partnership with the Industrial City of Abu Dhabi. ADCB applauds the vision behind the establishment of ICAD and we are committed to ensuring that ADCB contributes to its overall success. We are confident that the new state-of-the-art branch, which will carry the new look and design of ADCB, will be an asset to the ICAD business community," said Eirvin Knox, CEO of ADCB.

Set to become the flagship of the ADCB branch network, the new ADCB Business Centre will be designed over 2 floors, with a total development area of 700 sq. meters and will provide the bank's full range of products and services.

"The Industrial City of Abu Dhabi is delighted to be partnering with such a reputable banking institution. ADCB has recognised the strategic importance of ICAD and we look forward to working with the ADCB team to ensure that this development is a resounding success. The agreement was formed to fulfil the needs of our clients such as business people and that is done through investing in ICAD. The Higher Corporation for Specialized Economic Zones is working hard for a successful future" said Ali Al Mansouri, General Manager of Higher Corporation for Specialized Economic Zones.

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