2012 KW Digital Webranking survey announced ADCB as top listed company in UAE and Middle East
Abu Dhabi: Abu Dhabi Commercial Bank (ADCB) announced today that it has achieved the top ranking of the Middle East 2012 KW Digital Webranking survey. ADCB received two awards from KW Digital Webranking at the "Success in Digital Investor Relations" ceremony. The first award credited ADCB as the number one institution in the UAE with the best corporate investor relations website in the country. The second award recognises ADCB's commitment to digital investor relations and advanced corporate online communications on a regional level, as it was ranked first within the Middle East.
ADCB topped the results of the fourth annual Middle East KWD Webranking survey. The survey expanded this year to include 138 of the most prominent listed companies in the Middle East and North Africa region. ADCB's excellent performance in communicating information to its shareholders, disclosing financial data on its website and implementing corporate governance classified it as the best institution in the UAE and Middle East applying digital investor relations and corporate communications.
Commenting on the KW Digital Webranking result, Deepak Khullar, CFO at ADCB said, "ADCB is thrilled to have received these awards and would like to sincerely thank M: Communications for the awards. We continually strive to implement best practice in Investor Relations and to maintain the level of transparency and detail in our communications with our stakeholders. We are really proud to have been voted number one out of 138 main listed companies in the region, and we value this trust".
On this occasion, Phil Marchant, Managing Director (UK) of KW Digital, M:Communications' sister company and one of the world's leading digital IR consultancies said: "The ADCB site scored the highest out of the 138 companies that we surveyed this year. They have a corporate website that is easy to navigate and a comprehensive IR section that contains a vast amount of financial information - a highly important feature for investors, analysts or business journalists visiting the site."
About ADCB:
ADCB was formed in 1985 and as at 30 September 2012 employed over 3,600 people from 54 nationalities, serving approximately470,000 retail customersand over 36,000 wholesale clientsin 49 branches, 4 pay offices in the UAE and 2 branches in India and 1 branch in Jersey. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 182 bn as at 30 September 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 September 2012, ADCB's market capitalisation was AED 18 bn.
For further details please contact
Corporate Communications
Majdi Abd El Muhdi
E: majdi.a@adcb.com
Investor Relations
Denise Caouki
E: adcb_investor_relations@adcb.com
© Press Release 2012
