History
The Abu Dhabi Investment Council (ADIC), an investment arm of the Abu Dhabi Government, founded Al Hilal Bank in 2008 with an authorized capital of AED 4 billion out of which AED 1 billion was paid up. The paid up capital was at AED 2 billion as of December 31, 2010.
The bank formally opened after four months, launching its first four branches in the UAE on June 19, 2008. After only six months of operation, Al Hilal Bank won for “Best Customer Experience” at the 2008 Middle East Retail Banking Awards and was ranked 10th in customer satisfaction among 29 banks in the UAE by Ethos Consultancy. It was also named “Best New Bank” for 2008.
Read more about this topic: Al Hilal Bank
Famous quotes containing the word history:
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)
“Anything in history or nature that can be described as changing steadily can be seen as heading toward catastrophe.”
—Susan Sontag (b. 1933)
“Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.”
—Johan Huizinga (1872–1945)