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The Latest Breaking News from First Abu Dhabi Bank

Bandhan Bank denies acquisition talks with First Abu Dhabi Bank

Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal.

The Economic Times · 4h ago

Kushner Blasts Book Claim of a Secret Dubai Account With Millions Tied to UAE President 'Completely Insane'

Jared Kushner called Matthew Cole's allegations about secret foreign bank accounts 'completely insane' and 'categorically false'.

International Business Times UK · Oct 22

$1bn buyback from Standard Chartered, but profits disappoint City

Standard Chartered, the Asian focussed City bank, that has often flattered to deceive disappointed City analysts today with lacklustre returns.

Evening Standard · Feb 16, 2023

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Egypt Prepares to Issue its First Sovereign Sukuk

Egypt’s Finance Minister Mohamed Maait said his country is preparing to issue its first sovereign Sukuk (Islamic bonds) based on exclusively state-own assets. In a statement published on the government’s official Facebook page on Tuesday, Maait said the state-ownership policy document includes a national strategy to empower the private sector…

Asharq Al-Awsat · Jun 1, 2022

Kuwait’s Americana Group Picks Banks for Dual Listing

Americana Group appointed Goldman Sachs, First Abu Dhabi Bank (FAB) and SNB Capital to manage its initial public offering (IPO) that could take place as soon as possible this year, Bloomberg reported, citing sources familiar with the matter. The group also picked Rothschild & Co. as the financial advisor for…

Asharq Al-Awsat · Apr 28, 2022

First Abu Dhabi Bank Withdraws Offer to Buy Controlling Stake in Egypt's EFG Hermes

First Abu Dhabi Bank (FAB) has withdrawn its offer for a controlling stake in Egyptian investment bank EFG Hermes, citing global market uncertainty. “After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank has decided to withdraw its non-binding offer…

Asharq Al-Awsat · Apr 15, 2022

UAE’s Central Bank Gives Green Light to Launch Digital Bank

The Central Bank of the United Arab Emirates has given the green light to a new digital banking platform known as “Wio” and backed by state holding company ADQ. The bank will soon launch a beta version, initially targeted to small and medium-sized businesses (SMBs). The total invested capital in…

Asharq Al-Awsat · Feb 12, 2022

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First Abu Dhabi Makes Offer for Egypt’s Investment Bank EFG Hermes

First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt's biggest investment bank EFG Hermes that values the North African lender at $1.1 billion, a regulatory statement said.

Asharq Al-Awsat · Feb 9, 2022

First Abu Dhabi Bank Plans to Expand Operations in Saudi Arabia, Egypt

The UAE’s largest bank, First Abu Dhabi Bank, revealed plans to expand in the domestic market as well as in Saudi Arabia and Egypt in the coming period. The acquisition of “Bank Audi Egypt” will be completed during the third quarter of 2022, said FAB.

Asharq Al-Awsat · Jan 28, 2022

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