ADCB honoured with two prestigious Mohammed Bin Rashid Al Maktoum Business Innovation Awards

Press release

Published February 22nd, 2017 - 10:14 GMT

During the event

Abu Dhabi Commercial Bank (ADCB) was yesterday honoured with the Mohammed Bin Rashid Al Maktoum Business Innovation Award and the Outstanding Award for Business Innovation. The significant awards were conferred to ADCB in recognition of its contribution in the field of Business innovation which has resulted in a superior customer experience. The award ceremony was held at the Madinat Jumeirah Arena in Dubai and was attended by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and top government officials.

Instituted by the Dubai Chamber of Commerce and Industry (Dubai Chamber) and held under the patronage of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Mohammed Bin Rashid Al Maktoum Business Innovation Award offers the highest levels of recognition for business innovation in the UAE.

Ala’a Eraiqat, ADCB’s Group CEO who received the award on behalf of ADCB said: “We are extremely honoured that ADCB’s consistent commitment to provide its customers with a superior banking experience has been recognised by His Highness Sheikh Mohammed Bin Rashid Al Maktoum through the important Business Innovation Award.”

“At ADCB, we put great energy and commitment to place the customer at the centre of everything we do, by elevating quality and simplifying solutions to support each individual’s needs. In this quest, innovation is core to our operating model as a whole and touches on all aspects of the bank. Innovation helps us create value for our customers. This recognition encourages all of us to keep innovating, and lifting the standards in service delivery through a deep understanding of our customers.” he added.

The Mohammed Bin Rashid Al Maktoum Business Innovation Award was launched in 2015 - the Year of Innovation by the Dubai Chamber in collaboration with the UAE Ministry of Economy and falls in line with the National Innovation Strategy. The award aims at recognising and celebrating the success of companies that contribute to the sustainable economic development of the UAE and the wider GCC region and who are proven to be leaders in the realm of innovation across the GCC.

Background Information

Abu Dhabi Commercial Bank

ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.

ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.