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 serves over 1.9 million retail customers through over 109 branches across the U.A.E., Egypt, and Kazakhstan. In December 2023, it sold an 80% stake in Abu Dhabi Commercial Properties to Nine Yards Plus Holding at a valuation of $161 million. In 2023, the group’s assets stood at $154.4 billion, with a net profit of $2.2 billion in 2023. In January 2024, the group obtained the approval of the Saudi Council of Ministers for a license to operate in the kingdom.