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Untitled Document
Woori Financial Group announced on 27th that Nasser Alsowaidi, chairman of Abu Dhabi Bank and Minister of Economy Development of Abu Dhabi, and CEOs of major UAE-based companies visited Woori Financial Group to talk over financial cooperation with its chairman Pal-Seung Lee and CEOs of subsidiaries.
Visitors were as follows:
- H.E. Nasser Al Sowaidi, Chairman of Abu Dhabi National Bank
- H.E. Khaldoon Al Mubarak, CEO of Mubadala Investment
- H.E. Mohammed Al Hammadi, CEO of Emirates Nuclear Corporation
- H.E. Yousef Omeir bin Yousef, CEO of Abu Dhabi National Oil Corporation
- H.E. Waleed Al Mokarrab Al Muhairi, Chairman of Advanced Technology Investment
- H.E. Homaid Al-Shemmari, Chairman of Abu Dhabi Shipbuilding
- H.E. Khalid Ghaith Al Muhairbi, Vice President of ETIAD Airline
Pal-Seung Lee, chairman of Woori Financial Group, and Nasser Alsowaidi, chairman of Abu Dhabi Bank, had entered into an MOU contract for organic cooperation in the areas of corporate financing, joint venture and financial consultation at the "Korea-Abu Dhabi Investment Forum" held in Abu Dhabi in March 2010.
Abu Dhabi Bank with total assets of KRW52 trillion is one of mega banks in Abu Dhabi and provides comprehensive financial services including corporate financing, retail banking, Islam financing, lease and private banking.
The bank’s 70.5% shares are owned by Abu Dhabi Investment Council, an affiliated investment institute of Abu Dhabi.
An official of Woori Financial Group said, "Since the reception of nuclear project orders by Korea at the end of last year, economic interchanges within Korea and Arab Emirate are expected to be activated. In this present, the MOU contract and their return visits will help them further understand Woori Financial Group.
We will play a key role in expanding financial cooperation between two countries in the future."
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