First Abu Dhabi Bank

First Abu Dhabi close to complete merging with Bank Audi Egypt

Mon, 12 Sep 2022 - 08:10 GMT

The largest UAE bank acquired the unit of Bank Audi in Egypt in 2020, and announced the completion of the legal merger procedures in June with the change of its brand to "First Abu Dhabi Bank Egypt".

EFG-Hermes tops EGX losers Thursday due to First Abu Dhabi's withdrawal of non-binding purchase offer

Thu, 14 Apr 2022 - 05:32 GMT

The bank said in a statement, that this decision came after a careful study of the ongoing instability in global markets and economies.

First Abu Dhabi Bank withdraws non-binding offer of majority stake in EFG Hermes

Thu, 14 Apr 2022 - 12:05 GMT

The bank said in a statement, that this decision came after a careful study of the ongoing instability in global markets and economies.

UAE's First Abu Dhabi Bank intends to submit offer to acquire EFG Hermes

Wed, 09 Feb 2022 - 03:53 GMT

The FRA added, in a filing to the EGX, Wednesday, that EFG Hermes will start the due diligence procedures at the earliest date, indicating that the initial price is LE 19 per share, until the completion of the due diligence procedures.

President Sisi ratifies Islamic credit facilities deal between Egypt, UAE’s First Abu Dhabi Bank

Thu, 22 Oct 2020 - 05:45 GMT

Egyptian President Abdel Fattah El Sisi ratified an Islamic credit facilities agreement worth $510 million between Egypt’s Ministry of Finance and First Abu Dhabi Bank (FAB)

Qatar asks U.S. to investigate UAE bank for 'financial warfare'

Mon, 19 Mar 2018 - 10:28 GMT

The Central Bank of Qatar’s law firm has written a letter to the U.S. Treasury asking it to investigate NBAD Americas, the U.S. subsidiary of First Abu Dhabi Bank (FAB).

BAML, FAB to get roles in IPO of Emaar's UAE real estate unit

Wed, 30 Aug 2017 - 08:23 GMT

Bank of America Merrill Lynch (BAC.N) and First Abu Dhabi Bank FAB.AD are set to join Goldman Sachs (GS.N) in getting roles in the share sale of the UAE.

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