First Abu Dhabi Bank (FAB) News - Mubasher Info
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06 April 03:44 AM

First Abu Dhabi Bank (FAB)

Last update: 3 April 02:55 PM market time.
17.32
0.12
0.70%
Open 17.38
Previous Close 17.24
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 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. …
Trading Activities
(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 …
Event
Managing Director of Boston Consulting Group, Reinhold Leichtfuss - (Photo Credit: Mubasher)
28 March 2017 09:00 PM Boston Consulting forecasts higher revenues for UAE banks in 2017 - Interview
By: Amr Adel Dubai - Mubasher: Senior partner and managing director of the Boston Consulting Group in the Middle East, Reinhold Leichtfuss, expects UAE banks to achieve a 5% increase in revenues in 2017, with a similar growth rate in bank credit. …
Sector Reports
One of NBAD's branches (Photo Credit: Bank Website)
14 March 2017 09:06 AM NBAD adjusts $500m bonds conversion rate
Abu Dhabi – Mubasher: The National Bank of Abu Dhabi (NBAD) adjusted the conversion rate of senior convertible bonds worth $500 million from $3.44 to $3.40 per share, according to a bourse filing. The bonds will mature in 2018, the bank said. …
Bonds
The entity’s board also approved the 2017 budget (Photo Credit: Press Release)
13 March 2017 00:48 PM FGB, NBAD board discusses merger
Abu Dhabi – Mubasher: The board of the combined entity that will result from the merger of FGB and the National Bank of Abu Dhabi (NBAD) approved the group’s corporate governance structure, according to a statement. The board completed the …
Corporate Actions
NBAD will pay an overall value of AED 2.344 billion in dividends for FY16 (Photo Credit: Mubasher)
28 February 2017 04:44 PM NBAD to pay 45% cash dividend for FY16
By: Ramy Sameeh Abu Dhabi – Mubasher: The shareholders of the National Bank of Abu Dhabi (NBAD) approved, on Tuesday, the distribution of 45% cash dividends or 45 fils per share for the fiscal year which ended on 31 December 2016. The NBAD will …
General Assembly
One of NBAD's branches (Photo Credit: Bank Website)
28 February 2017 07:38 AM NBAD, FGB to discuss annual dividends Tuesday
Abu Dhabi – Mubasher: The shareholders of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) will discuss on Tuesday cash dividends of AED 6.84 billion ($1.86 billion) for fiscal year 2016, according to a bourse statement. FGB …
Event
One of NBAD's branches (Photo Credit: Bank Website)
27 February 2017 08:38 AM NBAD, FGB merged entity posts AED 13.9bn in goodwill
Abu Dhabi – Mubasher: The combined entity of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) achieved AED 13.9 billion worth of goodwill in 2016, compared to AED 13.7 billion a year earlier, WAM news agency reported. The total …
Mergers and Acquisitions
Equity attributable to equity holders reached AED 97.66 billion (Photo Credit: Bank Website)
20 February 2017 02:05 PM NBAD, FGB assets reach AED 670.5bn
Abu Dhabi – Mubasher: The total assets of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) reached AED 670.5 billion by the end of 2016, according to the two banks’ pro forma financials as of 31 December 2016. Customer accounts and …
Mergers and Acquisitions
Former General Assembly Meeting for First Gulf Bank - (Photo Credit: Bank Website)
13 February 2017 08:30 PM NBAD, FGB merger to take effect beginning April
Mubasher: The Abu Dhabi Securities Exchange (ADX) said that the merger of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) will be announced on 1 April, as reported by Emirates News Agency (WAM). Trading of new shares following the …
Mergers and Acquisitions
Moody's logo (Photo credit: Arabianeye-Reuters)
13 February 2017 06:19 PM UAE's 5 biggest banks mark solid Q4 profitability on stable core income – Moody's
Dubai – Mubasher: The UAE's five largest banks reported solid profits in the fourth quarter of 2016, Moody's Investors Service said in a report released Monday. The banks are: Emirates NBD, last given an A3 Stable rating by Moody's, the …
Sector Reports
The two banks’ total assets reached AED 665.8 billion at the end of 2016 (Photo Credit: Bank Website)
7 February 2017 07:44 AM NBAD, FGB to meet SCA for merger approval
Abu Dhabi – Mubasher: National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) will meet with the Securities and Commodities Authority (SCA) in the coming two months for final approval of the merger and timetable, according to a statement. The …
Mergers and Acquisitions
An NBAD branch (Photo Credit: Arabianeye-Reuters)
31 January 2017 01:51 PM NBAD posts AED 5.3bn profits in 2016
Dubai – Mubasher: The National Bank of Abu Dhabi (NBAD) reported net profits of AED 5.296 billion for the full-year 2016, up 1.2% year-over-year, according to a bourse filing. Profits came on the back of strong underlying performance but were …
Financial Results
One of NBAD's branches (Photo credit: Arabianeye - Reuters)
25 January 2017 10:58 AM NBAD to discuss annual financials late Jan
Abu Dhabi – Mubasher: National Bank of Abu Dhabi (NBAD) said its board will meet on 31 January to discuss annual results, according to a bourse statement. The bank’s shareholders will review on 28 February the board’s recommendation regarding …
General Assembly
5 January 2017 01:28 PM NBAD recognised as the ‘Best Cash Management Bank in the UAE’
news-releases