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Abu Dhabi Commercial Bank

Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake

Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake

An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).

February 14, 2012 2:21

ADCB hires Goldman Sachs to sell stake in Malaysian bank

Sale may draw Chinese and other Asian banks-sources; Abu Dhabi Bank may appoint a second adviser - sources; Abu Dhabi Bank bought the stake in 2008

March 26, 2011 4:13

Kuwait’s Gulfinvest asked to liquidate assets – paper

The Ministry of Finance will take its decision to court if shareholders do not sign on to the plan.

February 24, 2011 12:15

Kuwait’s Gulfinvest cut out from list of investment firms

The firm will coordinate with all creditors and the restructuring officer for the best ways to resume the restructuring process.

January 31, 2011 12:06

Abu Dhabi Commercial Bank returns to profit

Bank returns to profit; books provisions; Provisions in Q4 647 mln dhs vs 2.05 bln dhs in Q4 '09

January 25, 2011 4:14

Abu Dhabi Commercial Bank and Bank of America Merrill Lynch Form Strategic Relationship

This group is tasked with developing global working relationships and sharing opportunities.

January 21, 2011 11:51

S&P cuts Abu Dhabi Commercial Bank rating

The bank made a net loss of 531 million dirhams in the three months to June 30.

September 16, 2010 10:59

ADCB has $1.8 bln Dubai World exposure

Net loss made in first half of the year.

July 31, 2010 2:30

Moody’s downgrades ADCB to A1

International rating agency Moody’s Investors Service downgraded Abu Dhabi Commercial Bank on Monday to A1 from Aa3…

December 30, 2009 1:47