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Monday, November 30 - 2009

Union National Bank - UAE Academy sign Emiratization employer partner program agreement

  • United Arab Emirates: Tuesday, June 23 - 2009 at 12:20
  • PRESS RELEASE

In line with its core philosophy as 'The Bank that cares' and its focus on achieving Emiratization objectives within all its group companies, Union National Bank (UNB), today signed an Emiratization employer program agreement with the UAE Academy, a subsidiary of the Abu Dhabi Chamber of Commerce and Industry (ADCCI).

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The partnership agreement was signed by Mr. Abdulla Alrashedi SVP & Head of Resources & Emiratization Division from UNB and H.E. Mohammed Rashed Al Hameli, Director General of ADCCI at a ceremony held at the Abu Dhabi Chamber of Commerce & Industry.

UNB joins 24 other companies and institutions that have also made similar commitments to the Employer Partner Program called Ibdaa, that serves as a link between young Emirati graduates entering the job market and employers who wish to add substantial value to their organizations by harnessing the available talent pool of UAE nationals.

H.E. Mohammed Rashed Al Hameli, Director General of ADCCI, said:
"This employee partner agreement holds out great potential to boost the employment prospects of Ibdaa graduates within the banking sector. We look forward to the mutual benefits that this agreement will provide both UAE Academy and UNB."


Mr. Abdulla Alrashedi SVP & Head of Resources & Emiratization Division said, "UNB places Emiratization at the very heart of our growth agenda and is implementing a clearly defined plan to recruit and leverage the presence of UAE talent at all levels and across all departments within UNB. This initiative with the UAE Academy will help contribute to the Emiratization process in the banking sector by ensuring national talent continues to be nurtured and supported."

Under the terms of the agreement, UNB will have access to a database of qualified UAE national graduates which the bank can rely on for recruitment. The bank will work in conjunction with the UAE Academy to process and screen applications and conduct interviews with UAE graduates.

The bank will also provide information on employee benefits as well as career progression within the bank. The UAE Academy will be updated by UNB with progress made against Emiratization goals.
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Notes and media contacts

About Union National Bank:
Union National Bank (UNB) is a public joint stock company incorporated under the laws of the United Arab Emirates in 1982. UNB operates through a wide network of branches and over 100 ATMs throughout the UAE. UNB is present in the Arab Republic of Egypt through its 94.9% owned subsidiary Union National Bank, Egypt (formerly known as Alexandria Commercial and Maritime Bank) which has 9 branches in Egypt.

UNB has two other subsidiaries. (1) Union Brokerage Company (UBC) which provides brokerage services for customers trading in shares and securities on Abu Dhabi Securities Market and Dubai Financial Market. UBC operates from state of the art offices which are located in Abu Dhabi, Dubai, Al Dhafra, Al Ain and Fujairah. (2) Al Wifaq Finance Company (AWFC) an Islamic Finance Company which offers Shari'a compliant products and services to tap the growing Islamic banking market.

UNB is the only bank in the UAE which has significant shareholdings by the Governments of both Abu Dhabi and Dubai. The major shareholders of UNB are the Finance Department, Government of Abu Dhabi (40%), Abu Dhabi Investment Council (10%) and the Government of Dubai (10%).

The remaining 40% of the shares are held by the general public. The shares of UNB are listed on the Abu Dhabi Securities Market. UNB has adopted the total quality management concepts and methodologies, quality management systems and a business excellence framework. A strong testament to this was when the Bank won the 2004 / 2005 Sheikh Khalifa Excellence Award, Gold category and the 2005 Dubai Quality Award in the financial sector.

In 2002, UNB became the first bank of its size in the Middle East to be ISO 9001:2000 certified across its entire operations in the UAE by Lloyds Register Quality Assurance for its Quality Management Systems under the terms set out by the United Kingdom Accreditation Service - UKAS - scheme. This certificate was renewed during 2005 and the bank is poised for recertification during 2008 demonstrating commitment to Quality and continuous improvement.

For more information, please contact:
Maha Mahmoud Karara
UNB
Tel: 02 6984809 (Dir)
Fax: 02 6741600
or
Brian Carvalho/ Charbel Tanios
Asda'a Public Relations
Tel: 02 6334133 (Ext: 286)
Fax: 02 6334233

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