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- Saudi Awwal Bank launches a world class Innovation Centre to provide financial services
- Indian rupee firms up again - UAE, Saudi Arabia's NRIs delay money transfers
- Dubai's Tecom Group turns in another profit gain in Q1-2025
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- TotalEnergies, OQEP break ground at Marsa LNG
- Riyadh Air enters key deals covering 125 countries
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- GIS reports net profit of QR222m in Q1, reflecting 38% year-on-year growth
- QAMCO posts record net profit of QR156m
12/09/2017 12:46 AST
Aldar Properties PJSC ('Aldar'), Abu Dhabi's leading listed property development, investment and management company, has signed an agreement with Union National Bank to provide ESCROW account services for Water's Edge buyers. The partnership will enable Aldar to utilise ESCROW facilities for the recently announced waterfront development, and Yas Island's first mid-market property, which comprises 2,255 apartments.
Commenting on the tie-up, Talal Al Dhiyebi, Chief Development Officer, Aldar, said, "Aldar Properties was the first company to be granted a Master Developer licence under the Abu Dhabi Real Estate Law, and this agreement marks our third ESCROW account project. This demonstrates our continued commitment to compliance with the real estate law, and to providing our customers with the greatest possible transparency. As a waterfront, mid-market apartment development, we are pleased with the strong demand for Water's Edge, and are confident that the ESCROW accounts with UNB will further support this."
Hany Youssef, EVP Corporate and Commercial Business at Union National Bank added, "We are very pleased to partner with Aldar for Water's Edge ESCROW accounts. UNB has demonstrated its commitment to protecting customers during the course of our 35-year operations. The successful implementation of the Escrow bears testament to UNB's strategy to provide convenience and updated services & solutions to all our customers, and will also support Abu Dhabi's growing real estate market.
CPI Financials
09/03/2018
Union National Bank (UNB) said it has closed a 5 year bond issue for $500 million (Dh1.8 billion) with a coupon of 4 per cent and at issue price of 99.6 per cent.
UNB mandated Australia and
Gulf News
12/09/2017
Union National Bank said on Monday it has received regulatory approval from the Securities and Commodities Authority to act as a general clearing member.
The bank notified the Abu Dhabi Secu
Gulfnews
16/08/2017
Union National Bank (UNB), 50 per cent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai, becoming the first bank from the United Arab Emirates to operate a branch in
Gulfnews
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02/05/2025
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the inauguration of its Innovation Centre on Thursday, May 1. The facility is designed to inspire and accele
Saudi Gazette
02/05/2025
Dubai's Tecom Group has come up with net profits of Dh360.8 million for the January to March 2025 period, and quite a healthy gain on the Dh292.5 million from the year ago status.
The compan
Gulfnews
02/05/2025
Gulf International Services reported a net profit of QR222m for the three-month period ended 31 March 2025, with an earnings per share of QR 0.119.
The Group reported strong revenue growth f
The Peninsula
02/05/2025
Qatar Aluminum Manufacturing Company (QAMCO), a 50% joint venture partner in Qatar Aluminum Company (Qatalum), reported a net profit of QR156m for the three-month period ended 31 March 2025, with an
The Peninsula
01/05/2025
Beyon announced its financial results for the first quarter of 2025.
Beyon reported net profit attributable to equity holders of BHD 18.1M (US$ 48.0M) for Q1 2025, a 4% decrease from BHD 18
BNA
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia