ABU DHABI/ WAM Abu Dhabi Commercial Bank (ADCB) has achieved an upgrade in its long-term issuer credit rating to ‘A+’ from ‘A’ with a ‘stable’ outlook by S&P Global Ratings driven by the bank’s strong financial position and high asset quality. The upgrade places ADCB among the top three highest rated banks by S&P in the MENA region. Underlining its ...

ABU DHABI/WAM ADNOC Gas plc and its subsidiaries confirmed shareholder approval at its Annual General Meeting (AGM) to distribute $3.41 billion in full-year dividends for 2024, including a final dividend payment of $1.706 billion scheduled for distribution in the second quarter of 2025. Dr Sultan Ahmed Al Jaber, Chairman of ADNOC Gas’ Board of Directors, commented, “In 2024, we achieved ...

ABU DHABI/ WAM Seviora Group, a leading Asia-based asset management group with $54 billion of assets under management and headquartered in Singapore, has announced the establishment of its Middle East office in the ADGM. The new office, coupled with Seviora’s existing offices in Singapore, India, China and Indonesia, will contribute to the expansion of the company in Asia and beyond, ...