Union National Bank

Union National Bank
Company typeCorporation
ADX: UNB
IndustryBank
Founded1982; 42 years ago (1982)
FounderAgha Hasan Abedi[1]
Defunct2019; 5 years ago (2019)
FateMerged with Abu Dhabi Commercial Bank and Al-Hilal
SuccessorADCB
Headquarters
Abu Dhabi
,
United Arab Emirates
Websitehttps://www.unb.com
This article is about the UAE bank. For the defunct bank in the U.S. state of Delaware, see Union National Bank.

Union National Bank (UNB) was a bank based in Abu Dhabi, United Arab Emirates, from 1982 until it merged with Abu Dhabi Commercial Bank in 2019.[2] The bank had its shares listed in the Abu Dhabi Securities Exchange (ADX) under the symbol UNB.[3]

It was established as a Public Joint Stock Company in 1982, and became one of the UAE's leading domestic banks in the United Arab Emirates. The bank offered a variety of products and services to individuals and corporations. It had more than 50 branches and banking centers.[4]

In 2006, during the Egyptian banking industry reforms, Alexandria Commercial and Maritime Bank was privatised and subsequently acquired by Union National Bank.[5][6]

Board of Directors

The board of directors of Union National Bank before its merger included:[7]

  • Nahyan bin Mubarak Al Nahyan (chairman)[8]
  • Mohammad Nasr Abdeen (vice chairman and managing director)
  • Mohamed Dhaen Al Hamli (vice chairman)
  • Yousef Abdulaziz Al Harmoodi (member)
  • Mohammad Ali Al Khawaja (member)
  • Ahmed Jasim Al Zaabi (member)
  • Mohamed Tawfik Ezz Eldin (member)
  • Mohamed Moustafa Abdel Atty (member)

References

  1. ^ "Is this the end of Abu Dhabi group in Pakistan? And who is to blame?". Profit by Pakistan Today. October 7, 2019.
  2. ^ "ADCB, UNB, Al Hilal merge, creating UAE's third largest bank". gulfnews.com. May 2019. Retrieved 2019-10-24.
  3. ^ "The Determinants of the Performance of Commercial Banks Industry Evidence of Listed Commercial Banks at Adx - ProQuest". www.proquest.com. Retrieved 2024-05-08.
  4. ^ "List of Union National Bank Branches and ATMs in Dubai". Dubai OFW. 2018-04-28. Retrieved 2020-07-29.
  5. ^ Elsayed, Mohamed (2015). Economic Reform, Banks’ Efficiency and Market Structure in Egypt (Doctoral thesis). Durham University.
  6. ^ Wagdi, Osama; Eman Salman (2022-03-15), Determinants of a Bank's Performance in Emerging Markets: Evidence from Egypt (SSRN Scholarly Paper), Rochester, NY: Academy of Accounting and Financial Studies, retrieved 2024-05-08
  7. ^ "UNB reduces its Egyptian branch's board of directors to seven members - Dailynewsegypt". 2019-03-23. Retrieved 2024-05-08.
  8. ^ The Europa World Year Book 2004. Vol. 2 (2004 ed.). London: Europa Publications. 2004. p. 4333. ISBN 1-85743-255-X.
  1. ADX shares quote [1] Archived 2008-06-14 at the Wayback Machine
  2. SCA shares quote SCA |Companies


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