First Abu Dhabi Bank (FAB)

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News

3 June 2025 08:48 AM FABMISR arranges EGP 4.2bn loan for Redcon Properties

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has led a syndicated loan worth EGP 4.20 billion for Redcon Properties, according to a press release. The loan will be used to finance the execution of the …

Companies Investments

12 March 2025 06:35 PM FAB’s shareholders approve highest-ever dividends of AED 8.3bn for 2024

Abu Dhabi – Mubasher: The equityholders of First Abu Dhabi Bank (FAB), during the annual general meeting approved the distribution of AED 8.30 billion in cash dividends for 2024. The approved amount is equivalent to 75 fils per share and will be …

Management Decisions

12 March 2025 02:18 PM FABMISR unveils new product for multinational, large corporate clients

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the arm of the UAE listed FAB operating in Egypt, has launched FABMISR E-Connect as the newest corporate online banking channel designed specifically for multinationals and large corporates. …

Banking and Finance

5 March 2025 03:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake

Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …

Sukuk and Islamic Finance

6 February 2025 10:12 PM FAB’s profits leap to AED 17bn in 2024; dividends recommended

Abu Dhabi – Mubasher: The net profits of First Abu Dhabi Bank (FAB) increased by 4% year-on-year (YoY) to AED 17.09 billion in 2024 from AED 16.51 billion. Operating income grew by 15% to AED 31.62 billion as of 31 December 2024, compared to AED …

Cash Dividends

9 January 2025 04:22 PM Aldar issues $1bn hybrid notes; regional, international investors partake in issuance

Abu Dhabi – Mubasher: Aldar Properties has priced its inaugural $1 billion hybrid capital issuance, attracting robust demand from a wide range of regional and international investors, according to a press release. The issuance by Aldar at a public …

Real estate

17 December 2024 06:59 PM Leading UAE banks, international entities among arrangers for VakıfBank’s $870m equivalent facilities

UAE – Mubasher: Türkiye Vakıflar Bankası T.A.O. (VakifBank), the second largest bank in Türkiye in terms of asset size since YE2020, is pleased to announce the successful signing of its 367-day $518.50 million and EUR 331.40 million Sustainable …

Global Economy

15 December 2024 11:14 AM SEC obtains $3.6bn facility deal co-led by listed lenders

Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a $3.60 billion (to SAR 13.50 billion) international syndicated credit facility agreement on 12 December 2024. The company will use the proceeds of the loan to finance general corporate …

Company News

9 December 2024 10:52 AM KIB Invest, UAE-listed banks lead Bahrain’s 7-year Sukuk issuance

Mubasher: Kuwait International Bank (KIB), through its investment arm KIB Invest, served as joint lead manager (JLM) in the issuance of a seven-year for Bahrain via CBB International Sukuk Programme Company W.L.L. The USD-denominated senior …

Companies Investments

8 December 2024 09:14 PM FABMISR aligning efforts with group's ambitious target of facilitating $136bn by 2030 – CEO

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR) of the UAE-listed lender FAB is aligning efforts with the group's ambitious target of facilitating $136 billion by 2030, CEO and Managing Director, Mohamed Abbas Fayed, said in line with the …

Banking and Finance

24 November 2024 01:23 PM FABMISR’s net profits leap 160% in Q3-24

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, posted 160% year-on-year (YoY) higher net profits at EGP 21.30 billion in the third quarter (Q3) of 2024. The bank’s net loans and …

Banking and Finance

20 October 2024 11:35 AM FAB records higher profits in 9M-24; total assets exceed AED 1.2trn

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) recorded net profits valued at AED 12.89 billion in the first nine months (9M) of 2024, higher than AED 12.41 billion in 9M-23. The lender posted 16% higher operating income at AED 23.92 billion in …

Banking and Finance

26 August 2024 03:32 PM Three listed lenders participate in SEC’s $4bn funding

Riyadh – Mubasher: Saudi Electricity Company (SEC) obtained $4 billion (SAR 15 billion) in international syndicated revolving credit facilities on 25 August 2024, according to a bourse filing. A number of regional and international lenders …

Companies Investments

21 August 2024 01:04 PM FABMISR logs EGP 15.8bn net profits in H1-24

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, unveiled its financial results for the first half (H1) 2024, logging net profits of EGP 15.80 billion. The lender highlighted robust …

Banking and Finance

25 July 2024 11:58 AM FAB achieves AED 8.4bn net profits in H1-24

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) generated 3% higher net profits after tax at AED 8.40 billion during the first half (H1) of 2024, compared to AED 8.14 billion in H1-23. Operating income climbed by 16% year-on-year (YoY) to AED …

Financial Results

24 July 2024 03:49 PM FAB expands Visa B2B in region via new partnership

Abu Dhabi – Mubasher: Visa teamed up with First Abu Dhabi Bank (FAB) to expand the Visa B2B Connect network in the region, according to a press release. The collaboration aims to boost corporate cross-border payments, allowing businesses in the …

Banking and Finance

19 June 2024 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update

Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …

Global Economy

10 June 2024 08:47 AM FABMISR, Cayesh team up to reshape fintech finance in Egypt

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, penned a deal with Cayesh, the first supply chain finance company in Egypt. The two entities will join forces to leverage innovative …

Companies Investments

30 May 2024 06:15 PM FABMISR delivers 108% annual leap in Q1-24 net profit

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, achieved a 108% year-on-year (YoY) jump in net profit to EGP 9.90 billion during the first quarter (Q1) of 2024. FABMISR said it …

Banking and Finance

7 May 2024 03:15 PM FABMISR opens 2 new branches in Giza, Cairo

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has inaugurated two new branches in Egypt. The new branches, the bank’s 66th and 67th in the country, are located on El-Haram Street in Giza …

Banking and Finance

1 May 2024 10:24 AM FAB registers higher profits at AED 4.1bn in Q1-24

Abu Dhabi – Mubasher: The net profits after tax of First Abu Dhabi Bank (FAB) surged by 6% year-on-year (YoY) to AED 4.15 billion in the first quarter (Q1) of 2024 from AED 3.92 billion. Total income stood at AED 7.97 billion in Q1-24, higher by …

Banking and Finance

3 April 2024 00:40 PM FAB partners with Microsoft to boost financial services globally

Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) and Microsoft teamed up to develop new AI-based banking capabilities and bolster financial services, according to a press release. The two entities will partner to launch an AI Innovation Hub that …

Global Economy

31 March 2024 02:31 PM FABMISR implements CBE’s 8% mortgage finance initiative

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has launched a mortgage finance system with an interest rate of up to 8%, in implementation of the latest initiative by the Central Bank of Egypt …

Real estate

25 March 2024 00:28 PM Macro Group secures EGP 65m loan from FABMISR

Cairo – Mubasher: The board members of Macro Group Pharmaceuticals - Macro Capital agreed to renew short-term financing from First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB. The board greenlighted the EGP 65 million …

Companies Investments

12 March 2024 03:01 PM FABMISR partners with Drive Finance to foster payment solutions in Egypt

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has entered into a partnership with Drive Finance, a subsidiary of GB Capital owned by GB Corp. This collaboration will witness the integration of …

Companies Investments