First Abu Dhabi Bank (FAB) News - Mubasher Info
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04 April 06:56 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

Photo Archive
2 March 2016 00:18 PM NBAD sees slower commercial financing, stronger retail
By: Rami Samih Abu Dhabi - Mubasher: National Bank of Abu Dhabi (NBAD) is likely to see a slowdown in its commercial financing segment in 2016 and a growth in retail segment, according to the chief executive. CEO Alex Thursby added, “We expect a …
Companies Investments
Photo Archive
26 February 2016 05:57 AM Fitch affirms ratings of 6 UAE banks
Abu Dhabi-Mubasher: Fitch Ratings has affirmed six UAE banks' ratings; National Bank of Abu Dhabi (NBAD), First Gulf Bank (FGB), Abu Dhabi Commercial bank (ADCB), Union National Bank (UNB), Emirates NBD (ENBD) and HSBC. The banks were assigned …
Ratings
Photo Credit: Arabianeye-Reuters
28 January 2016 11:41 AM NBK Capital rates “Buy” on NBAD
Abu Dhabi-Mubasher: Watani Investment Company (NBK Capital) set the fair value of the National Bank of Abu Dhabi (NBAD) at AED 9.50, with “Buy” recommendation, according to recent statement. Despite the bank’ negative financials for the fiscal …
Stock Evaluations
Alex Thersby, CEO and General Manager
27 January 2016 05:11 PM NBAD foresees loan growth in 2015
Abu Dhabi  - Mubasher: National Bank of Abu Dhabi (NBAD) expects its loans to witness more growth in 2016, in return for slight withdrawal of governmental deposits, said Alex Thersby, CEO and General Manager. “We see growth in revenues, in …
Companies Investments
Photo Credit: Arabianeye-Reuters
27 January 2016 03:19 PM NBAD board recommends 40% dividends
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) said that its board recommended a 40% cash dividend or 40 fils per share for the fiscal year 2015, totalling AED 2.08 billion, according to a bourse filing on Wednesday. NBAD posted profits of …
Corporate Actions
Photo Credit: Arabianeye-Reuters
27 January 2016 02:44 PM NBAD profits decline 6.22% in FY15
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) posted profits of AED 5.23 billion ($1.43 billion) in the fiscal year 2015, down 6.22% from AED 5.56 billion ($1.52 billion) in the fiscal year 2014, according to a bourse filing on Wednesday. …
Financial Results
Photo Credit: Arabianeye-Reuters
21 January 2016 10:57 AM NBAD to discuss notes program 27 Jan
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) said that its board will meet on 27 January to discuss a proposal to establish a medium term notes program to be presented to the shareholders, according to a bourse filing on Thursday. The …
Bonds
Photo archive
5 January 2016 05:07 PM Oman's Bank Dhofar secures $250m loan
Mubasher: Oman - based Bank Dhofar said it has secured three-year $250 million loan. The bank will use the loan proceeds to meet general finance needs, according to Reuters. The loan was arranged by; Bank ABC, BNP Paribas, Commerzbank, Credit …
Banking and Finance
Photo Credit: Arabianeye-Reuters
30 December 2015 11:25 AM NBK Capital revises NBAD to “Buy”, cuts FV
Abu Dhabi-Mubasher: NBK Capital lowered the fair value of National Bank of Abu Dhabi (NBAD) by 19.5% to AED 9.50, changing its recommendation from “Hold” to  “Buy”. NBK Capital’s evaluation was based on the gradual decrease in some pressure points …
Stock Evaluations
Photo Credit: Arabianeye - Reuters.
19 December 2015 02:24 PM Gulf Marine gets $620m financing
Abu Dhabi-Mubasher: Gulf Marine Services (GMS) has secured a $620 million (AED 2.2 billion) financing facility. The syndicated financing combines Islamic and conventional facilities and will replace GMS’ existing funding facilities with no changes …
Sukuk and Islamic Finance
Photo Credit: Arabianeye-Reuters
15 December 2015 09:41 AM NBAD sets interest rate on bonds for 2016
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) fixed the coupon rate for the next 39th coupon payment at 1.218% for the period from 15 December 2015 to 15 March 2016, according to a bourse filing on Tuesday. In the third quarter of 2015, …
Bonds
Photo Credit: Arabianeye-Reuters
10 December 2015 11:15 AM NBAD to discuss 2016 budget 16 Dec
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) said its board will hold its meeting on 16 December to discuss the bank’s budget for 2016, according to a bourse filing on Thursday. The meeting will also tackle other matters of general …
Financial Results
Photo Credit: Arabianeye-Reuters
8 December 2015 10:50 AM NBAD raises AED 73.38bn via debt markets
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) raised AED 73.38 billion from bond, Sukuk and syndicated loan markets for UAE clients in 2015, beating other domestic or international banks, according to Dealogic.  “Providing UAE borrowers …
Bonds
Photo Credit: Arabianeye - Reuters
5 December 2015 03:10 PM NBAD bonds to be halted 8 December
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) said its bonds maturing in 2016 will be halted from trading as of 8 December. The halt comes in preparation for paying the due interest on 15 December. The bonds will resume trading on 15 …
Trading Activities
Photo Credit: Arabianeye-Reuters
23 November 2015 10:36 AM Emirates Global Aluminium seeks $4.9bn loan
Abu Dhabi-Mubasher: Emirates Global Aluminium (EGA) is seeking to get $4.9 billion loan for duration of seven years, according to a EGA’s statment. EGA, which is owned equally by Mubadala Development Company, mandated BNP Paribas, Citibank, Dubai …
Banking and Finance
Photo Credit: Arabianeye - Reuters.
14 November 2015 11:32 AM NBAD announces 5-yr strategy for operation in Egypt
Cairo-Mubasher: National Bank of Abu Dhabi (NBAD) – Egypt announced its five-year strategy for its operation in Egypt, especially as the lender is celebrating the 40th anniversary of its operation in the North African country. The strategy is to …
Companies Investments
Photo Credit: Arabianeye-Reuters
3 November 2015 11:11 AM NBAD kicks off operations in India
Abu Dhabi-Mubasher: The National Bank of Abu Dhabi (NBAD) launched its banking operations in India on Tuesday, thus improving the bank's ability to service corporate and financial clients across the country and providing more capital to businesses …
Companies Investments
Photo Credit: Arabianeye-Reuters
3 November 2015 08:23 AM NBAD among consortium to issue bonds for NBO
National Bank of Oman (NBO) said it would issue up to $300 million additional perpetual Tire 1 capital securities, according to a bourse filing. The Omani bank has mandated a consortium of Bank of America Merrill Lynch, Citi, Crédit Agricole CIB, …
Companies Investments
Photo Credit: Arabianeye-Reuters
1 November 2015 00:34 PM NBAD stock rises on $900m loan book
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) ranked the 3rd place in the list of rising stocks amid a wave of declines that hits Abu Dhabi Securities Exchange (ADX) on Sunday. The stocks rose 1.61% to AED 8.84 by 1:15pm following NBAD’s …
Trading Activities
Photo Credit: Arabianeye-Reuters
1 November 2015 08:51 AM NBAD buys RBSs’ offshore loan book in India
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) signed an agreement with Royal Bank of Scotland (RBS) to buy its offshore loan book in India for $900 million, according to the bank’s statement posted Sunday. The agreement will be effective …
Banking and Finance
Photo Credit: Arabianeye-Reuters
29 October 2015 10:50 AM NBAD stock down dragged by 9M profit drop
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) stock declined 1.67% or 0.15 points to AED 8.85 following the bank’s financial results for the first nine months of 2015. NBAD posted profits of AED 4.195 billion ($1.142 billion) in the first …
Financial Results
Photo Credit: Arabianeye-Reuters
29 October 2015 10:31 AM NBK Capital maintains “Hold” on NBAD
Abu Dhbai-Mubasher: NBK Capital set the fair value of National Bank of Abu Dhabi (NBAD) at AED 11.8, according to a recent report. The financial services firm reiterated the “Hold” recommendation despite disappointing results, however asset …
Financial Results
Photo Credit: Arabianeye-Reuters
28 October 2015 01:56 PM NBAD profits fall 0.23% in 9M
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) posted profits of AED 4.195 billion ($1.142 billion) in the first nine months of 2015, down 0.23% from AED 4.21 billion in the same period of 2014, according to a bourse filing on Wednesday. In …
Financial Results
Photo Credit: Arabianeye-Reuters
6 October 2015 02:06 PM NBAD tops GCC sukuk issuers
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) ranked number one as an issuer of bonds and sukuk in the GCC for the first nine months of 2015.‎ This is the first time for a Middle-Eastern bank to be top ranked in this segment, according to …
Companies Investments
Photo Credit: Arabianeye-Reuters
30 September 2015 10:45 AM NBAD named ‘Best Sukuk House’ of 2015
Abu Dhabi – Mubasher: The National Bank of Abu Dhabi (NBAD) announced that it has been named “Best Sukuk House of the Year” at the Global Islamic Finance Awards 2015 at the ceremony held in Bahrain on 28 September.  “This is the 46th industry …
Sukuk and Islamic Finance