The ADCB group was formed in 2020 through the merger of the Abu Dhabi Commercial Bank and the Union National Bank and the acquisition of the Al Hilal Bank. Today, it has over 115 branches and more than 8,400 employees across the U.A.E., Egypt, and Kazakhstan. In September 2022, ADCB raised $500 million with its debut green bond to support the financing of low-carbon initiatives. In January 2023, it signed the U.A.E. Climate-Responsible Companies Pledge. Its net profit increased by 22.6% to hit $1.8 billion in 2022. The Mubadala Investment Company owns 60.20% of the group through its wholly-owned subsidiary, the One Hundred and Fourteenth Investment Company.