Abu Dhabi Commercial Bank was a bright spot on the capital's exchange yesterday as the lender proceeded with the auctioning of its 25 per cent stake in a Malaysian bank.
ADCB's shares rose to their highest level in more than two years, gaining 2.7 per cent to Dh3.03 after Reuters reported the bank was going ahead with plans to sell its holding in RHB.
Two other Malaysian lenders, Maybank and CIMB, are separately trying to merge with RHB.
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