First Abu Dhabi Bank (FAB) News - Mubasher Info
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05 April 01:59 PM

First Abu Dhabi Bank (FAB)

Last update: 3 April 02:55 PM market time.
17.32
-0.56
-3.13%
Open 17.38
Previous Close 17.92
High 17.42
Low 17.24
Stock Statistics
Volume 1,063,389
Turnover 18,421,750.71
All data are 15 minutes late during market session

News

Emaar Development agreed on Murabaha agreement with First Abu Dhabi Bank, worth $1.5 billion
20 September 2017 06:20 PM Emaar Development gets Islamic loan
Dubai – Mubasher: Emaar Properties, listed on Dubai Financial Market (DFM), on Wednesday announced that its board agreed on an Islamic- compliant financing (Murabaha) agreement between Emaar Development and First Abu Dhabi Bank, worth $1.5 …
Corporate Actions
Larger banks are investing heavily in digital transformation services
17 September 2017 06:07 PM Small UAE banks should mull M&A deals to enhance competition – Emirates NBD CEO
Dubai – Mubasher: Smaller lenders in the UAE should consider merger and acquisition (M&A) deals as the UAE banking sector grows, The National reported on Sunday, citing Emirates NBD CEO Shayne Nelson as saying. Larger banks are investing heavily …
General News
FAB appointed Fadhel Al Ali as group chief customer experience and digital officer
6 September 2017 10:08 AM FAB amends management structure
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) on Wednesday announced that its group chief risk officer, Abhijit Choudhury, has retired from his position at the bank. FAB has appointed Arif Shaikh as a replacement to Choudhury, the bank said in …
Management Decisions
The transaction is expected to be beneficial to the shareholders of both companies
30 August 2017 00:26 PM Eshraq, Reem in advanced discussions over merger
Mubasher: Eshraq Properties and Reem Investments confirmed that discussions are at an advanced stage over a potential strategic investment in the former company in return for the acquisition of Reem’s entire business and assets, according to a …
Mergers and Acquisitions
The bank has increased its focus on treasury, corporate, and institutional business
8 August 2017 00:38 PM RAKBANK launches $250m syndicated term loan facility
Abu Dhabi – Mubasher: RAKBANK launched a three-year syndicated term loan facility worth $250 million, according to a statement. The bank mandated Bank ABC, First Abu Dhabi Bank (FAB), and Standard Chartered Bank as initial mandated lead arrangers …
Companies Investments
The bank issued a privately placed $225 million sukuk in June last year
8 August 2017 11:02 AM First Abu Dhabi Bank leads Al Hilal Bank’s $100m private sukuk
Abu Dhabi – Mubasher: First Abu Dhabi Bank led the private placement of sukuk worth $100 million for Abu Dhabi government-owned Al Hilal Bank, Reuters reported. The issue has a two-year maturity and offers 90 basis points over a three-month London …
Sukuk and Islamic Finance
FAB launched its new brand identity back in last May
6 August 2017 05:19 PM FAB continues brand roll-out in H2-17
Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB), the biggest bank in the UAE that resulted from the merger between First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD), said that it will carry out the next phase of its rebranding. …
Company News
Khalid Bin Kalban, André Sayegh and Colin Fraser signing the project
30 July 2017 03:17 PM Dubai Investments unit inks AED 1.1bn loan with FAB, ADCB
Dubai – Mubasher: Dubai Investments Real Estate Company LLC (DIRC), the property development arm of Dubai Investments, on Sunday announced signing an AED 1.1 billion financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank …
Banking and Finance
NBAD Sukuk Income Fund Oks $816,660 dividends for H1-17
27 July 2017 03:54 PM NBAD Sukuk Income Fund Oks $816,660 dividends for H1
Abu Dhabi – Mubasher: The NBAD Sukuk Income Fund affiliated First Abu Dhabi Bank (FAB) will distribute semi-annual cash dividends, FAB said. Total distributions amounted to $816,660, at $0.107 per unit, representing a semi-annual return of 2.222% …
Sukuk and Islamic Finance
FAB is one of Gulf region’s largest banks with total assets of AED 682 billion
19 July 2017 11:25 AM CI assigns “A+” rating to First Abu Dhabi Bank FSR
Abu Dhabi – Mubasher: Capital Intelligence Ratings (CI) assigned a financial strength rating (FSR) of “A+” to First Abu Dhabi Bank (FAB), according to a statement.  CI’s rating was backed by the bank’s strong management, dominant position in the …
Ratings
The market saw trading of 9.53 million shares
13 July 2017 11:44 AM First Abu Dhabi Bank value leader in Thursday’s mid-trade
Abu Dhabi – Mubasher: First Abu Dhabi Bank’s stock saw active trades in Thursday’s mid-session, becoming the value leader. The stock reached AED 10.40 by 12:30 pm UAE time after adding 2.46%, its highest gains since mid-April. The market saw …
Trading Activities
FAB has a weight of 37% on the ADX
23 June 2017 04:06 PM First Abu Dhabi Bank ADX weight hits 37%
Abu Dhabi – Mubasher: Equity weight of First Abu Dhabi Bank (FAB) represents around 37% of the Abu Dhabi Securities Exchange's (ADX) total equity weight by the end of May. The bank, which is listed under the symbol NBAD, also weighs around 0.65% …
Banking and Finance
The ratings agency affirmed the long-term ratings of FAB at "Aa3", ADIB at "A2", and ADCB, AHB, and UNB at "A1"
31 May 2017 08:22 AM Moody's affirms 5 UAE banks ratings
Mubasher: Moody's Investors Service changed the outlook on the long-term deposit ratings of UAE-based First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), and Union National Bank (UNB), and Abu Dhabi Islamic Bank’s (ADIB) long-term issuer …
Ratings
Photo Credit: Arabianeye-Reuters
1 May 2017 00:23 PM First Abu Dhabi Bank unveils new identity
Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) has launched on Monday its new brand identity including a new logo and slogan. The new entity resulted from the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB). Last week, the …
Management Decisions
(Photo Credit: Arabianeye-Reuters)
1 May 2017 08:33 AM Abu Dhabi First Bank eyes KSA market
Abu Dhabi – Mubasher: Abu Dhabi First Bank is considering entering the Saudi market, Al Khaleej newspaper reported, citing the bank’s CEO Abdel Hamid Mohamed Saeed as saying. Entering the Saudi market will likely involve acquiring existing …
Companies Investments
One of NBAD's branches (Photo Credit: Bank Website)
12 April 2017 11:40 AM First Abu Dhabi Bank cuts jobs after merger
Abu Dhabi – Mubasher: First Abu Dhabi Bank has reduced up to 20 jobs in its global markets division following the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), sources told Reuters on Wednesday. Completed on 1 April, the …
Management Decisions
(Photo Credit: Arabianeye-Reuters)
11 April 2017 11:35 AM Nasdaq Dubai adds 3 firms to equity futures market
Dubai – Mubasher: Nasdaq Dubai has added the National Bank of Abu Dhabi (NBAD), Dubai Financial Market (DFM), and Dubai Investments (DIC) to its equity futures market, increasing the number of companies on which futures can be traded to twelve. …
Macroeconomics
(Photo Credit: Arabianeye-Reuters)
9 April 2017 08:13 AM NBAD OGM to discuss name change late April
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of the National Bank of Abu Dhabi (NBAD) is scheduled to convene on Monday, 24 April, to discuss changing the bank’s name to First Abu Dhabi Bank. The OGM is will also discuss amending …
Event
One of NBAD's branches (Photo Credit: Bank Website)
6 April 2017 07:50 AM NBAD-FGB unification operations require 18-24M
Abu Dhabi – Mubasher: The National Bank of Abu Dhabi (NBAD) said its unification of merged operations and records with First Gulf Bank (FGB) requires 18-24 months to be completed sometime around 2019, WAM news agency reported. The NBAD-FGB merger …
Mergers and Acquisitions
One of NBAD's branches (Photo Credit: Bank Website)
5 April 2017 10:42 AM CI Ratings withdraws FGB ratings
Mubasher: Capital Intelligence Ratings (CI Ratings) has withdrawn all the ratings for First Gulf Bank (FGB) following its merger with National Bank of Abu Dhabi (NBAD) on 1 April 2017, according to a statement. The ratings agency affirmed, at the …
Ratings
green
4 April 2017 09:04 AM NBAD lists GCC’s first ever green-bond
Abu Dhabi – Decypha: The National Bank of Abu Dhabi (NBAD) has listed the first ever green bond from the Gulf Cooperation Council (GCC), the London Stock Exchange (LSE) announced. The bond raised $587 million, is for the duration of five years, …
Corporate Actions
Photo Credit: Arabianeye-Reuters
3 April 2017 07:55 PM Moody's affirms NBAD rating at "Aa3"
Abu Dhabi - Mubasher: Moody's Investors Service has affirmed the long- and short-term foreign and local currency deposit and debt ratings of the National Bank of Abu Dhabi (NBAD) at "Aa3/P-1", according to a report issued on Monday. The rating …
Ratings
First Abu Dhabi Bank is now the “largest” bank in UAE (Photo Credit: Press Release)
2 April 2017 00:29 PM First Abu Dhabi Bank rises in 1st day of trading
Abu Dhabi – Mubasher: The stock of First Abu Dhabi Bank (NBAD), the combined entity of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), rose in its first day of trading. The stock rose 0.98% to AED 10.35 by 1:25pm GMT, with a turnover …
Trading Activities
The new bank is now the “largest” bank in UAE (Photo Credit: Bank's Statement)
2 April 2017 11:32 AM Trading starts on UAE “largest” bank
Abu Dhabi – Mubasher: The combined bank that resulted from the merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) began trading on the Abu Dhabi Securities Exchange (ADX) Sunday under ticker symbol NBAD, according to a …
Mergers and Acquisitions
One of NBAD's branches (Photo Credit: Bank Website)
2 April 2017 08:33 AM NBAD, FGB merger becomes effective
Abu Dhabi – Mubasher: The National Bank of Abu Dhabi (NBAD) announced that its merger with First Gulf Bank (FGB) has become effective at the close of trading on 30 March 2017, according to a statement. The Securities and Commodities Authority …
Mergers and Acquisitions