Abu Dhabi Commercial Bank’s $114 Billion Merger With Union National Bank

Clifford Chance is advising Union National Bank (UNB) in relation to their merger with Abu Dhabi Commercial Bank (ADCB) and their subsequent acquisition of Al Hilal Bank.

This transaction will create the third largest financial institution in the UAE and the fifth largest in the GCC, with assets of AED420 billion (US$114 billion). It is anticipated that the bank will have over 1 million customers.

The Clifford Chance team was led by M&A partner Mohammed Al-Shukairy (Picture), and includes Sumit Ram, Jack Hardman, Zahra Shahab, Charlotte Monk, Mohamed Tighilt, Fizel Nejabat, Connor Partos, Sara Salameh, Tariq Imam, Janeen Pickering, Richard Cameron, Nicola Birman, Hayley Howard, Robin Abraham, Lilly Alamir, Ahmed Choudhry, Shayan Najib, Jason Gouveia, Katie Joukadjian, Stuart Ure, Cheuk yin Cheung, Rafe Khokhar, Clara Gold, Ozan Yalti, Paul Deakins, Bethany Lightley-Hunt, Djamela Magid, Kimi Liu, Jay Liang, Kelly Gregory, Sherry Shan, Mercia Wang, Simon Corzberg, André Duminy.

Involved fees earner: Robin Abraham – Clifford Chance; Mohammed Al-Shukairy – Clifford Chance; Lilly Alamir – Clifford Chance; Nicola Birman – Clifford Chance; Richard Cameron – Clifford Chance; Ahmed Choudhry – Clifford Chance; Simon Corzberg – Clifford Chance; Paul Deakins – Clifford Chance; André Duminy – Clifford Chance; Clara Gold – Clifford Chance; Jason Gouveia – Clifford Chance; Kelly Gregory – Clifford Chance; Jack Hardman – Clifford Chance; Hayley Howard – Clifford Chance; Tariq Imam – Clifford Chance; Katie Joukadjian – Clifford Chance; Rafé Khokhar – Clifford Chance; Jay Liang – Clifford Chance; Bethany Lightley-Hunt – Clifford Chance; Kimi Liu – Clifford Chance; Djamela Magid – Clifford Chance; Charlotte Monk – Clifford Chance; Shayan Najib – Clifford Chance; Fizel Nejabat – Clifford Chance; Connor Partos – Clifford Chance; Janeen Pickering – Clifford Chance; Sumit Ram – Clifford Chance; Sara Salameh – Clifford Chance; Zahra Shahab – Clifford Chance; Sherry Shan – Clifford Chance; Mohamed Tighilt – Clifford Chance; Stuart Ure – Clifford Chance; Mercia Wang – Clifford Chance; Ozan Yalti – Clifford Chance; Cheuk yin Cheung – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Union National Bank P.J.S.C.;