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This mobile telecommunications outfit was formed in 1983 and is headquartered in Kuwait City, Kuwait. It has



The Abu Dhabi Commercial Bank was 60

formed from the merger of Emirates Commercial Bank and Federal Commercial Bank with Khaleej Commercial Bank in 1985. The Abu Dhabi government holds 65% of the company’s stock. With other institutions holding the remainder of the stock, the United Arab Emiratesbased outfit generates revenue through investments, fund management, as well as retail and commercial banking. It has 48 branches located within the United Arab Emirates borders, two in India and one facility in the UK. ADCB enjoys vast total assets and its total brand value has positively trended from $1.23bn in 2015 to stand at $2.1bn. J U LY 2 0 1 8

facilities in eight Middle Eastern nations that include Bahrain, Iraq, Jordan, Lebanon, Morocco, Saudi Arabia, Sudan, and South Sudan. The multinational business has garnered upwards of 46.9mn customers. Major stakeholders include the Kuwait Investment Authority (24.24%) and Omantel (21.9%). With total revenue exceeding $3.4bn, zain was noted on the Fortune Global 2000 list. The company employs more than 6,000 people and the total brand value has trended upward from $2.1bn in 2015 to stand at $2.33bn today.

Business Chief Middle East - July 2018  
Business Chief Middle East - July 2018