Union National Bank

Bank of the United Arab Emirates From Wikipedia, the free encyclopedia

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]

Quick Facts Company type, Traded as ...
Union National Bank
Company typeCorporation
ADX: UNB
IndustryBank
Founded1982; 43 years ago (1982)
FounderAgha Hasan Abedi[1]
Defunct2019; 6 years ago (2019)
FateMerged with Abu Dhabi Commercial Bank and Al-Hilal
SuccessorADCB
Headquarters,
Websitehttps://www.unb.com
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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

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