ABU DHABI, UAE: In line with Abu Dhabi Commercial Bank’s (ADCB) strategy to focus on growth of core businesses, the Bank is evaluating the opportunity to divest Abu Dhabi Commercial Properties (ADCP). Accordingly, ADCB has entered into discussions on the potential sale of ADCP.
This process may or may not result in a transaction, and ADCB will update the market if and when there are material developments in line with the Bank’s commitment to the highest standards of regulatory disclosure.
Abu Dhabi Commercial Properties (ADCP), a wholly owned subsidiary of Abu Dhabi Commercial Bank’s (ADCB), is one of the largest property management service providers in the UAE, managing a portfolio of more than 2,000 buildings, and representing more than 57,000 residential and commercial units across the UAE.
ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.