Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) revealed that Union National Bank’s (UNB) shares will be delisted on 1 May after its merger with Abu Dhabi Commercial Bank (ADCB).
Shares of the newly-merged entity, operating under the name of ADCB, will start trading on the ADX as of 1 May, according to a statement on Thursday.
In March, ADCB’s general assembly approved its merger with UNB, along with increasing issued capital to AED 6.8 billion from AED 5.2 billion.
