ADPC & NBAD sign Dhs1.1bn financing agreement

Notes and media contacts

About NBAD

The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968. NBAD has a network of 74 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations. NBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
The branch network is widened further with 189 ATMs through which customers perform a variety of transactions.

Besides brick & mortar branches, NBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.

NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C., Egypt and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.
The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.

NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving one of the strongest combined rating of any Middle Eastern financial institution.

NBAD is an award winning leader in the UAE and GCC financial services industry. Awards won by the bank include 'Best Bank in UAE' from Euromoney and Banker publications, 'Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and excellence award for 'Best use of Technology' from Banker Middle East.

For Media enquires, please contact:

Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Mob: + 971507915855

About Abu Dhabi Ports Company:

The Abu Dhabi Ports Company (ADPC) is a master developer of ports, industrial zones, trade & logistics zones, and related services. Its purpose is to create a sustainable growth platform that spurs economic expansion and diversification for Abu Dhabi. ADPC has been established by Emiri decree number 6, 2006 and has been mandated to construct, develop and manage all ports and related infrastructure in the Emirate of Abu Dhabi (with the exception of Military and oil & gas ports).

Details about Khalifa Port

Khalifa Port is a multi-purpose maritime facility located 5 km offshore of Taweelah and covers an area of 2.2 km2. It will be able to accommodate the current and future marine traffic served by Mina Zayed and will create a gateway for the import of all cargo into Abu Dhabi and export of goods manufactured in the adjacent industrial zone. Phase 1A of the Port is anticipated to have an annual throughput of 2 million TEU's (twenty-foot equivalent container units) and over 6 million tones of general cargo.

The Khalifa Port will ultimately be developed in 5 stages. The project will start with the creation of a 260 hectare marine platform. The island platform will be made from reclaimed seabed material that will be dredged to create the harbor basin and the 16.5 meter deep and 12 km long approach channel. The outer perimeter of the port island will be protected by rock revetments and breakwaters. Quay walls will line the inner harbour perimeter to berth vessels

For additional enquiries, please contact:

Antoine Tayyar
Director, Corporate Communications
Tel. +971 2 695 2060
Fax +971 2 695 2177