Annual platinum sponsorship supports new business leaders in UAE

Abu Dhabi, 21 October 2012: Abu Dhabi Commercial Bank "ADCB" recently have joined hands with Entrepreneur Organisation (EO) UAE Chapter as a platinum sponsor and participated in its opening even in Dubai.    
  
The ADCB partnership with "Entrepreneur Organisation-UAE" comes in line with the bank's on-going strategy to support the mid-corporate business segment. Through its range of products and services the bank has made a substantial contribution to the growth of this segment in the UAE.  

On this occasion, Mr. Howard Gaunt, Head of Corporate and Business Banking Group at ADCB said: "At ADCB we are committed to supporting the growth and development of Mid-corporate business segment. We also support ambition, that is why we are proud to partner with the Entrepreneurs Organisation [EO] of which many growing Mid-corporates are members. EO offers successful entrepreneurs a unique platform to engage with experts across many fields and to share experiences through learning and social events. Through this partnership we look forward to working with these members as well as offering them advisory services, and need-based financing solutions, delivered through our industry-specific Client Service Teams".           

As part of the agreement, ADCB will be granted the opportunity to give a presentation at select EO UAE events on a diverse range of topics throughout the year. EO UAE President, Hassan Al Hazeem commented "ADCB has been a big supporter of entrepreneurship in the UAE, making them ideal partners for EO. We are looking forward to building a long term mutually beneficial partnership with ADCB."

The Entrepreneur Organisation is a global community that was founded in 1987 with more than 8,700 members worldwide and 122 chapters in 35 countries. The organisation offers members a platform which facilitates knowledge transfer and supports entrepreneurial spirit. In the UAE the organisation supports its members through dynamic peer-to-peer learning and engaging leading entrepreneurs to learn and grow.               

About ADCB:
ADCB was formed in 1985 and as at 30 June 2012 employed over 3,600 people from 54 nationalities, serving over 460,000 retail customers and over 35,000 wholesale clients in 48 branches, 4 pay offices in the UAE and 2 branches in India and 1 offshore branch in Jersey.  It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 181 bn as at 30 June 2012.

ADCB is a full-service commercial bank which offers 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, currency, derivative and Islamic products, project finance and property management services.

ADCB is owned 58.08% by the Abu Dhabi Government through the Abu Dhabi Investment Council.  Its shares are traded on the Abu Dhabi Securities Exchange.  As at 30 June 2012, ADCB's market capitalisation was AED 19 bn.

For further information please contact:
ADCB Corporate Communications Department
Tel: +971 (0) 2 696 2889
Fax: +971 (0) 2 610 9852

© Press Release 2012