Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank, as the United Arab Emirates deepens economic relations with Turkey. The deal, pending regulatory approvals by the Banking Regulation and Supervision Authority and the Competition Authority in Turkey, signals ADQ’s growing presence in banking markets. Lebanon’s Bank Audi is the largest Odeabank shareholder, with a 76.4% stake. Other shareholders include the