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IN THE PRESS
Grant Thornton, one of the UAE’s largest professional services firms, today announced the inauguration of its new flagship office in Abu Dhabi Global Market (ADGM).
The Asset Recovery Fund (ARF) is pleased to announce the purchase of a AED 1.3 billion (US$ 357m) portfolio of distressed non-performing loans (NPLs), from Abu Dhabi Commercial Bank (ADCB), marking the first such portfolio sale from a local bank in the UAE. Grant Thornton, the UAE’s fifth largest professional services firm, supported this purchase by driving the value of ADCB’s NPLs and matching it with the buyer’s expectations.