Dubai’s Arqaam Sees Abu Dhabi Commercial Bank Buying Rival UNBBy and
Brokerage ‘pretty confident’ Abu Dhabi banks looked at merger
ADCB, UNB shareholding structure supportive of a combination
Abu Dhabi Commercial Bank PJSC will probably buy smaller rival Union National Bank PJSC in the next 12 to 18 months as the planned merger of Abu Dhabi’s two biggest banks boosts consolidation in the United Arab Emirates’ banking industry, Arqaam Capital Ltd. said.
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