ABK-UAE becomes first Kuwaiti and GCC bank to obtain ADREC licence for real estate escrow agent in Abu Dhabi

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Licence allows ABK-UAE to offer specialised banking solutions that strengthen its presence

Last updated: May 06, 2026 | 07:00

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Strengthening its role as a trusted financial partner, Al Ahli Bank of Kuwait – United Arab Emirates (ABK-UAE) has been appointed to act as an Escrow Account Agent in Abu Dhabi by the Abu Dhabi Real Estate Centre (ADREC). With this appointment, the bank becomes the first Kuwaiti and GCC bank to obtain this licence, reinforcing the alignment between the bank’s strategic direction and the Abu Dhabi Government’s vision to provide a secure and well-regulated investment environment.

This appointment reflects the continued trust placed in ABK-UAE, driven by its disciplined governance framework, regulatory compliance, and continuous efforts to enhance its competitive position while diversifying its offerings and products for all customer segments in…