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Monday, 01 December 2008 | 19:46 UAE time

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COMPANIES

Abu Dhabi Commercial Bank

  • 2.50 Last
  • -0.12 (-4.49%) Today's Change
  • 1.76m Volume
  • 2.14-5.93 52 Week Range
  • -3.06 (-55.04%) 52 Week Change
As of 1 Dec 2008 10:00 GMT (Market Closed)

COMPANY DESCRIPTION

Abu Dhabi Commercial Bank is 65 percent owned by the state-controlled Abu Dhabi Investment Council, and is the United Arab Emirates' third-biggest bank by assets.

The bank changed its name from Khalij Commercial Bank to Abu Dhabi Commercial Bank after merging with Emirates Commercial Bank and Federal Commercial Bank on 1 July 1985.

The bank is a public shareholding company with limited liability, and was incorporated in Abu Dhabi in 1975, to carry on retail, commercial, investment and merchant banking through a 33-branch network spread across the UAE, in addition to two branches in India and an offshore banking unit in the Cayman Islands.

KEY INFORMATION

Industry

Asset Management, Commercial Banks, Commodity Brokers, Investment Banks, Investment Funds, Mortgage and Home Finance, Stock Brokers

Address

Al Salam Street, 939, Abu Dhabi, UAE

T

971 2 6962222

F

971 2 6450384

E

info@adcb.com

W

www.adcb.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 1 Jul 1985 -

MAJOR SHAREHOLDERS

NameCountry
Abu Dhabi Investment Council UAE

PORTFOLIO

NameCountry
Abu Dhabi Commercial Properties UAE
Abu Dhabi Risk & Treasurey Solutions UAE
ADCB Macquarie Corporate Finance UAE
ADCB Macquarie Real Estate Capital UAE
Al Barari Development Company UAE
Al Dhabi Brokerage Services UAE
ALDAR Properties UAE
Emirates Industrial Bank UAE
Gulf Merchant Group UAE
RHB Capital Malaysia

OFFICERS

BOARD OF DIRECTORSPosition
Eissa Mohammed Ghanem Al Suwaidi Chairman
Mohammed Sultan Abdullah Ghanoom Al Hameli Board Member
Rashed Humaid Ali Al Mazroui Board Member
Mohammed Darwish Mohammed Hussein Ali Al Khouri Board Member
Aamer Abduljalil Mohammed Abdulraheem Al Fahim Board Member
Abdullah Khalil Mohammed Samea Al Mutawa Board Member
Jean Paul Villain Board Member
Mohammed Ali Al Dhaheri Board Member
Salem Mohammed Al Ameri Board Member
MANAGEMENTPosition
Eirvin Knox Chief Executive Officer
Steven Dickens Chief Operating Officer
Martin Mayne Senior Vice President - Derivatives & Commodities
Khaldoun Saboubeh Vice President - Treasury & Investment
Hassan Jarrar Head of Commercial Banking
Norman Alexander Head of Strategic Planning
P. Sundar Head of Retail Assets
Seumas Jallacher Head of Corporate Banking Group
Ahmad Barakat Head of Investment Services
Bassam Dawood Head of Credit
Rizwan Sheikh Head of Card Center
Alok Kakar Head of Startegy Implementation
Fatima Al Mansour Head of Branches
Alaa Erikat Head of UAE Banking
Abdirizak Ali Head of Internal Audit
Sultan Al Mahmoud Head of Human Resources
Zaki Hamadani Head Legal & Special Assets Management
Lee North Head of Information Technology
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.