National Bank of Abu Dhabi (NBAD) announced that it has become a lead sponsor of the Abu Dhabi Investment Forum which is being held under the patronage of H.H General Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on 28 October 2008 in London.
This event, organized by the Department of Planning ’&’ Economy in Abu Dhabi and the Institutional Investor, will feature Abu Dhabi’s key industry leaders, financial institutions, top-level policy makers and more than 150 international investors.
In his Keynote address at the forum, Michael H. Tomalin, Chief Executive of NBAD will highlight the risks and the rewards associated with investing on Abu Dhabi while Mr. Mark Yassin, Senior General Manager of NBAD’s Corporate and Investment Banking will participate as a panelist in a session on the outlook for Abu Dhabi’s financial sector and equity capital markets.
"Since its inception in 1968, NBAD has been playing a significant role in the economic development of the UAE. Our sponsorship of the Abu Dhabi Investment Forum reflects that commitment" said Michael H. Tomalin, CE of NBAD.
Mr. Tomalin added "NBAD has grown its profits on a compound basis over each of the last nine years by an average of 30%. NBAD is well capitalized and its ratings (Standard and Poor’s A+/A-1, Moody’s Aa3/P1 and Fitch AA-/F1) support that. Despite global financial turbulence, NBAD remains well positioned to support the Abu Dhabi growth story" Eirvin Knox, CEO of ADCB commented "As a lead sponsor to this important event, we are aiming to enhance the position of the Emirate of Abu Dhabi as a major investment destination and to boost ADCBs’ relations with its current customers and partners and establish new relations with potential partners. Through partaking in this forum, ADCB endeavors to provide a platform for the business leaders, government officials, global investors and experts to meet and discuss different investment opportunities specifically related to Abu Dhabi and the UAE in general."
