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Thursday, 26 January 2017

Abu Dhabi Investment Council’s stake in ADCB rises after lender’s capital reduction | The National

Abu Dhabi Investment Council’s stake in ADCB rises after lender’s capital reduction | The National:

"Abu Dhabi Commercial Bank says its main shareholder, the Abu Dhabi Investment Council (Adic), now owns 62.52 per cent of the lender after a capital reduction. Adic previously held a 59.08 per cent stake. The increase in Adic’s stake comes in the wake of a stock buyback programme that began in 2013 and concluded in January 2015."



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