Sunday, 08 November 2009 | 11:38 UAE time
COMPANIES
National Bank of Abu Dhabi
- 13.10 Last
- -0.10 (-0.76%) Today's Change
- 54,616 Volume
- 6.30-14.20 52 Week Range
- +1.69 (+14.82%) 52 Week Change
COMPANY DESCRIPTION
National Bank of Abu Dhabi (NBAD), the UAE’s second biggest bank by assets, has a network of 83 branches across the UAE. Its overseas network stretches from Oman, Kuwait and Bahrain in the GCC to Egypt and Sudan in Africa, to London, Paris and Geneva in Europe and Washington DC in the US.Market observers have speculated that the bank might merge with Abu Dhabi Commercial Bank (ABCB) ever since the merger between Emirates Bank and the National Bank of Dubai in 2007. However, as recently as this month, ABCB’s chairman dismissed the talk about a possible merger as a rumour, nothing more.
NBAD’s fourth quarter profit fell 34 percent on the year to $134m, as it made impairment provisions of $78.7m in the quarter, compared with $4.4m a year ago.
NBAD is majority owned by the Abu Dhabi Investment Authority (ADIA), which holds a stake of around 70.5 percent in the company, according to data from Bloomberg.
KEY INFORMATION
Industry
Asset Management, Commercial Banks, Investment Banks
Address
National Bank of Abu Dhabi Tower, Khalifa Street, 4, Abu Dhabi, UAE
T
971 2 6111111
F
971 2 6275738
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 1968 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Abu Dhabi Investment Council | companies | 70.48 | UAE |
| Al Qasimi Group | companies | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| Aabar Investments | UAE |
| Abu Dhabi Financial Services Company | UAE |
| Abu Dhabi International Bank | Netherlands |
| Abu Dhabi National Islamic Finance | UAE |
| Abu Dhabi National Leasing | UAE |
| Dubai Investments Company | UAE |
| Emirates Industrial Bank | UAE |
| Joint Arab Investment Corporation | Egypt |
| NBAD Private Bank | Switzerland |
| Invest AD | UAE |
| Arabian Pipes Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Nasser Ahmed Khalifa Al Suwaidi | Chairman |
| Jouan Salem Ali Al Dhaheri | Vice Chairman |
| Eissa Mohammed Ghanem Al Suwaidi | Board Member |
| Mohammed Omar Abdullah | Board Member |
| Ahmad Ateek Mohammed Al Mazroui | Board Member |
| Khalifa Sultan Ahmad Al Suwaidi | Board Member |
| Sultan Rashed Saeed Al Dhaheri | Board Member |
| Mohammed Jouan Rashed Al Badie Al Dhaheri | Board Member |
| Ahmad Mohammed Sultan Bin Suroor Al Dhaheri | Board Member |
| Mohammed Saif Mohammed Al Nahyan | Board Member |
| Mohammed Khalifa Al Youssef Al Suwaidi | Board Member |
| MANAGEMENT | Position |
| Michael H. Tomalin | Chief Executive Officer |
| Srood Sherif | Chief Information Officer |
| Abdullah Mohammad Saleh Abdulrahim | Senior General Manager and Chief Operating Officer |
| Abhijit Choudhury | Senior General Manager and Chief Risk Officer |
| Mahmoud Al Aradi | Senior General Manager - Financial Markets Group |
| Qamber Ali Al Mulla | Senior General Manager - International Banking |
| Saif Ali Munakhas Al Shehhi | Senior General Manager - Domestic Banking |
| Stuart Henrickson | General Manager - Investment Banking Group |
| John Garrett | General Manager - Chief Audit and Compliance Officer |
| Khaled Mohammed Al Badi | Head of Asset Management |
| Micheal Ladenburg | Head of Corporate Banking |
| John Malouf | Head of Retail Banking |
| Saeed Hussein Al Khoury | Head of Elite Banking |
| Tarek Al Fadel | Head of SME Banking |
| Sameh Al Qubaisi | Head of Institutional and Corporate Coverage |
| Giyas Gokkent | Head of Research |
| Wahid Khaled | Head of Administration and Branches Operation |
| Ahmad Al Noweis | Head of Administration and Business Communications |
| Ehab Anis Abdullah Hassan | Head of Human Resources |
| Ali Soner Guney | Senior Equity Analyst - Asset Management |
| Allan Durant | Chief Investment Officer |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Business Analyst, Abu Dhabi, UAE
- Asst to General Manager, Abu Dhabi, UAE
- Office Manager / Secretary, Abu Dhabi, UAE
- Personal Assistant, Qatar, Qatar
- Client Manager, Abu Dhabi, UAE
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