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UNB to delist from ADX on 1 May

UNB to delist from ADX on 1 May
ADCB's shares will start trading on 1 May
ADCB
ADCB
-0.83% 8.33 -0.07
UNB
UNB
0.00% 5.90 0.00

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) revealed that Union National Bank’s (UNB) shares will be delisted on 1 May after its merger with Abu Dhabi Commercial Bank (ADCB).

Shares of the newly-merged entity, operating under the name of ADCB, will start trading on the ADX as of 1 May, according to a statement on Thursday.

In March, ADCB’s general assembly approved its merger with UNB, along with increasing issued capital to AED 6.8 billion from AED 5.2 billion.