#First Abu Dhabi Bank

First Abu Dhabi Bank

First Abu Dhabi Bank approves Dhs8.08bn cash dividends for 2020

The bank recorded a a full year 2020 net profit of Dhs10.6bn

First Abu Dhabi Bank appoints new International Banking head

Clarence Singam-Zhou will begin his new role from March 1, 2021

Abu Dhabi lender FAB names Hana Al Rostamani as first female CEO

Al Rostamani will takes over from Andre Sayegh

First Abu Dhabi Bank acquires 100% of Bank Audi Egypt’s share capital

The proceeds will help strengthen Bank Audi group’s capitalisation and financial resilience

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UAE’s First Abu Dhabi Bank issues five-year $500m sukuk

It attracted a total orderbook of around $1.5bn which represents a three times over-subscription rate

UAE lender FAB opens Jakarta office to facilitate regional trade

FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, the wider GCC region, Egypt and Asia

Banks erase debt worth Dhs869.85m of 1,607 Emiratis

The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan

Revealed: Winners at the 2020 Gulf Business Awards

The awards acknowledged champions from across the region’s business spectrum

First Abu Dhabi Bank

FAB reports 19.3% dip in net profit for Q3 2020

Third quarter net profit rose 4 per cent sequentially

Abu Dhabi investment firm to form digital bank with $545m capital

First Abu Dhabi Bank will own 10 per cent of the digital bank

Gulf International Bank to hire advisers for Dollar bond

The bonds are likely to be offered as soon as this week

First Abu Dhabi Bank

First Abu Dhabi Bank to start talks with Israeli lenders

The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office

Top UAE banks signal slow recovery for Q3 2020 – report

Second-quarter net profit for UAE-based top banks jumps 21 per cent

First Abu Dhabi Bank

First Abu Dhabi Bank joins Mideast lenders in raising provisions

First Abu Dhabi Bank increased impairments to Dhs1.06bn ($289m) from Dhs467m a year ago

Revealed: Top 10 companies in the Middle East in 2020

In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries

Abu Dhabi Sheikh in talks to buy stake in Amanat

Amanat said earlier this year it expects the region’s health industry to expand at a compound annual growth rate of 6.7 per cent by 2022

First Abu Dhabi Bank

First Abu Dhabi Bank reports 22% decrease in year-on-year Q1 2020 net profit

Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn

UAE’s First Abu Dhabi Bank sells 2.5 million shares held by NMC’s BR Shetty

Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5

GCC stocks plunge, Aramco drops below IPO price for the first time

On Friday, oil prices plunged the most since 2008 on signs of a breakdown in the global OPEC+ alliance that helped underpin crude’s recovery since 2014

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

Revealed: Top 100 GCC companies in 2018

The biggest listed companies in the Gulf region by market capitalisation

Revealed: Top 10 companies in the UAE in 2018

The biggest listed companies in the UAE by market capitalisation

Exchange houses hold talks with UAE Central Bank over new rules

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

Revealed: Top 10 banks in the UAE

The country’s biggest listed banks, as ranked by total asset size