The bank’s total income in the first half was AED12.5 billion, up 31 percent year-on-year
FAB
Bank Audi
First Abu Dhabi Bank completes legal merger of Bank Audi Egypt
Customers will be able to conduct their banking transactions and services in all branches under the new brand called FABMISR
Abu Dhabi
First Abu Dhabi Bank withdraws offer to buy majority stake in Egypt’s biggest investment bank
EFG Hermes, Egypt’s biggest investment bank, initially received a non-binding offer from First Abu Dhabi Bank for a stake of no less than 51 percent on 9 February
banking business
First Abu Dhabi Bank opens office in Iraq to facilitate regional trade flow
The First Abu Dhabi Bank’s international network spans five continents, providing the global relationships, expertise, and financial strength to support local, regional, and international businesses seeking to do business at home and abroad
Abu Dhabi
ADCB “categorically denies” reports of merger with First Abu Dhabi Bank
The banks are two of the biggest in Abu Dhabi, and any deal would have potentially created one of the largest Middle East lenders by assets.
Abu Dhabi Banks
UAE’s largest bank FAB to change working week from January 3
First Abu Dhabi Bank says move will create more streamlined financial, trade, and economic partnerships between the UAE and the rest of the world
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Abu Dhabi
Abu Dhabi to shore up healthcare SMEs with Dh6bn finance package
For phase one, the UAE capital’s Department of Finance has partnered with National Health Insurance Company (Daman) and First Abu Dhabi Bank to support companies in the healthcare sector
Abu Dhabi
FAB ‘strongly denies’ it’s considering a merger with ADIB
A First Abu Dhabi Bank spokesperson said the bank is “fully focused on unlocking its full potential and maximising shareholder value”
ADX
First Abu Dhabi Bank seen extending rally as index review nears
The state-controlled lender alone represents 43 percent of Abu Dhabi’s ADX General Index, which is up 11 percent this year
Brexit
UAE’s largest bank appoints new UK CEO
First Abu Dhabi Bank appointment comes at a crucial time in the UK amid Brexit negotiations
FAB
First Abu Dhabi Bank sees interest-rate jump boosting its profit
The lender may maintain the 70 percent dividend rate for 2018., according to deputy CEO Andre Sayegh
Abu Dhabi
UAE’s largest bank approves record cash dividend
FAB shareholders approved 70% cash dividend for 2017 at general assembly meeting
Capital Market Authority
UAE’s First Abu Dhabi gets securities licence in Saudi Arabia
FAB said last week that it was working on expanding its business in Saudi Arabia