Barclays sells UAE consumer banking division to Abu Dhabi Islamic Bank | The National:
"Barclays Bank will sell its UAE retail banking operation to Abu Dhabi Islamic Bank (ADIB) for about Dh650 million to focus on other parts of its business where competition is not as stiff.
ADIB will take on about 110,000 extra customers from the purchase.
“The decision to exit the UAE retail banking space, while not taken lightly, allows us to focus on our businesses in Corporate and Investment Banking and Wealth and Investment Management,” John Vitalo, chief executive of MENA, Barclays Plc, said in a statement."
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