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ADCB, ADIB seek to buy Barclays UAE retail unit

ADCB, ADIB seek to buy Barclays UAE retail unit
ADCB
ADCB
0.72% 8.34 0.06
ADIB
ADIB
-1.07% 11.08 -0.12
Abu Dhabi Commercial Bank (ADCB.ADX) and Abu Dhabi Islamic Bank (ADIB.ADX) are now the frontrunners to acquire most of Barclays UAE retail banking operations, with a final decision expected next month following a highly competitive bidding process. Barclays is still in the process of assessing each of the bids, however both ADCB and ADIB still did not disclose any comments about this, according to Mubasher Trade and Research.