The boards of Abu Dhabi Commercial Bank and Union National Bank will meet separately on Monday to discuss the three-way merger with Al Hilal Bank, a potential deal that was announced in September. ADCB and UNB have asked for their shares to be suspended next Tuesday while they debate the tie-up, they said in separate statements on Thursday to the Abu Dhabi Securities Exchange, where their shares are traded. In September the banks said they are exploring the possibility to consolidate, which would create an entity with USD114bn (AED418.7bn) in combined assets. 
 
AD Comm. Bank (AD): AED9.15 as of 24 Jan. 2019, Rating: Buy, TP: AED9.00/share, MCap: USD12,972mn, ADCB UH/ADCB.AD

Union Natl. Bank (AD)   : AED5.11 as of 24 Jan. 2019, Rating: Neutral, TP: AED5.20/share, MCap: USD3,831mn, UNB UH/UNB.AD