UNITED ARAB BANK, P.J.S.C. (UAB) was incorporated in 1975 as a joint venture between diverse UAE investors and the French international financial conglomerate, Société Générale (SG).
Based in Sharjah and operating with 20 branches throughout the UAE, the Bank offers its clients tailor-made financial services in both corporate and retail banking, and has mainly established itself as a leading solutions provider for a growing commercial and industrial base across the seven emirates. Through the provision of a comprehensive range of Corporate Banking, Retail Banking, Trade Finance, SME banking and Treasury services, UAB is the Bank of choice among major corporate clientele segments in the UAE. With the launch of its “Sadara” premium banking service and Islamic Banking Services, the Bank has grown its retail customer base, aiming to expand further.
Online Banking: yes. Free of charge with static login/ password. OR AED 600 (USD 164) for token device every 3 years.
Monthly Average Balance (min.): AED 100,000 (USD 27,400)
Accounts for foreign companies (registered outside UAE): yes
Accounts for UAE offshore companies: yes
Timeframes to set up bank account: 3 business days after all documents’ submission
Walton Consultants DMCC