United Arab Bank And ADX Collaborate To Enhance IPO Subscription Services For Customers

United Arab Bank (UAB) has partnered with Abu Dhabi Securities Exchange (ADX) to improve access to capital markets in Abu Dhabi. This collaboration allows UAB customers to subscribe to upcoming Initial Public Offerings (IPOs) directly through the bank or via ADX’s eIPO Investor Portal. The aim is to provide a straightforward, secure, and customer-focused experience.

This partnership enhances UAB's wealth management and digital services by integrating investment opportunities into its platform. Customers can now engage with the UAE's capital markets more easily and transparently. The signing ceremony took place at ADX’s headquarters in Abu Dhabi, attended by Abdulla Salem Alnuaimi, Group CEO of ADX, and Shirish Bhide, CEO of UAB, along with senior executives from both organisations.

With this collaboration, UAB customers gain a fully integrated IPO application process accessible through the bank’s mobile app. This initiative simplifies what was once a complex procedure into an easy-to-follow experience. Customers can now confidently subscribe to new market opportunities.

Shirish Bhide, CEO of United Arab Bank, stated, "Through this collaboration, we are proud to extend our partnership with ADX and expand our services beyond traditional banking by giving our customers direct access to IPO opportunities. This initiative reflects our commitment to innovation, customer empowerment, and creating long-term value. By embedding investment services into our digital channels, we are enabling our customers to engage with the UAE’s thriving capital markets in a more inclusive and transparent way."

Abdulla Salem Alnuaimi, Group CEO of ADX, expressed satisfaction with the collaboration: "ADX is pleased to collaborate with United Arab Bank to provide investors with seamless access to IPO subscriptions through our eIPO Investor Portal and the bank’s channels. This initiative underscores our commitment to enhancing the investor journey with innovative digital solutions. Partnering with leading institutions to expand access to Abu Dhabi’s capital markets remains central to our strategy as we continue offering a broader range of products and services for issuers and investors."

The partnership highlights UAB's dedication to digital transformation and empowering customers while reaffirming its strategy of delivering innovative solutions that offer growth opportunities. By embedding investment services within its digital channels, UAB aims for a more inclusive engagement with the UAE's vibrant capital markets.

With inputs from WAM