ADIC raises stake in ADCB to 62.52%

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) said Thursday that the Abu Dhabi Investment Council (ADIC) has increased its share in the bank to 62.52% from 58.08%.

The raise in stake comes a result of cutting the capital through the cancelation of 397.4 million shares acquired by the bank during its buyback period, according to a bourse statement.

Mubasher Contribution Time: 26-Jan-2017 07:32 (GMT)
Mubasher Last Update Time: 26-Jan-2017 07:32 (GMT)