Sunday 06, April 2014 by Robin AmlĂ´t

Abu Dhabi Islamic Bank (ADIB) signs AED 650 million deal for Barclays' retail unit in the UAE

Abu Dhabi Islamic bank has signed an agreement to acquire the retail banking business of Barclays Bank in the UAE. The transaction is expected to result in ADIB gaining 110,000 customers at a cost of AED 650 million. The acquisition is subject to approval by the Central Bank of the UAE.

Features & Analyses