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Abu Dhabi Comm Bnk (IRSH)

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Monday 01 July, 2019

Abu Dhabi Comm Bnk

REORGANISATION OF ADCB PJSC'S SHAREHOLDER

RNS Number : 9270D
Abu Dhabi Commercial Bank PJSC
30 June 2019
 

30 June 2019

 

REORGANISATION OF ABU DHABI COMMERCIAL BANK PJSC'S SHAREHOLDER

 

As you may be aware, the reorganisation of Abu Dhabi Commercial Bank PJSC's ("ADCB") shareholder, the Abu Dhabi Investment Council ("ADIC") has recently been completed (the "Reorganisation").  All of the assets and liabilities of ADIC have now been assumed, by operation of law, by Abu Dhabi Investment Council Company PJSC ("ADIC PJSC"), a UAE public joint stock company indirectly owned by the Government of Abu Dhabi through its 100% ownership of Mubadala Investment Company PJSC.

 

We hereby notify you that the sole shareholder of ADCB is now ADIC PJSC.  At all times, before and after the Reorganisation, the Government of Abu Dhabi has been, is and will continue to be the sole ultimate beneficial owner of ADIC and, subsequently, ADIC PJSC.  As such, the Government of Abu Dhabi continues to an indirect majority shareholder of ADCB's share capital.

 

Where relevant, please proceed to update your know-your-customer records to reflect the Reorganistion.  If you have any queries in respect of this notice, please contact your ADCB representative.

 

 

Abu Dhabi Commercial Bank PJSC


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