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Abu Dhabi Comm Bnk (IRSH)

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Monday 29 July, 2019

Abu Dhabi Comm Bnk

REORGANISATION OF ADCB PJSC'S SHAREHOLDER

RNS Number : 0532H
Abu Dhabi Commercial Bank PJSC
29 July 2019
 

CORRECTION TO THE NOTICE OF REORGANISATION OF ABU DHABI COMMERCIAL BANK PJSC'S SHAREHOLDER

The following amendment has been made to the 'Reorganisation of Abu Dhabi Commercial Bank PJSC's Shareholder' announcement released on 30 June 2019 at 7:00 under RNS No 9270D.

Abu Dhabi Investment Council Company PJSC is the majority shareholder of Abu Dhabi Commercial Bank PJSC, rather than the sole shareholder of Abu Dhabi Commercial Bank PJSC as stated in the original announcement.

All other details remain unchanged.

The full amended text is shown below.

REORGANISATION OF ABU DHABI COMMERCIAL BANK PJSC'S MAJORITY SHAREHOLDER

As you may be aware, the reorganisation of Abu Dhabi Commercial Bank PJSC's ("ADCB") majority 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 majority 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 be 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

 

29 July 2019

 

 


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