First Abu Dhabi Bank (FAB) News - Mubasher Info
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05 April 12:48 PM

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

A branch of NBAD (Photo Credit: Bank's website)
3 July 2016 08:35 AM FGB, NBAD boards propose largest MENA bank merger
Abu Dhabi-Mubasher: First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) announced Sunday the board meetings’ approval for recommending to shareholders a merger of the two Abu Dhabi-listed banks.  A new bank will be created with the …
Mergers and Acquisitions
NBAD rose 4.35% by 12:40pm (Photo Credit: Arabianeye-Reuters)
20 June 2016 00:38 PM NBAD rises on merger talks; FGB down in mid-session
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) continued its positive performance in the mid-session for the second day on Monday, backed by the news on merger talks with First Gulf Bank (FGB). NBAD rose 4.35% to AED 9.6 after generating …
Trading Activities
A trader monitoring stocks' prices at Abu Dhabi bourse
19 June 2016 10:15 AM NBAD, FGB see active trading after merger news
By: Mahmoud Gamal Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) acquired 76% of Abu Dhabi bourse’s liquidity in Sunday’s early trades. NBAD and FGB’s stocks are seeing strong purchases after confirming news on the …
Stock Evaluations
One of NBAD's branches (Photo Credit: Arabianeye-Reuters)
19 June 2016 09:14 AM NBAD, FGB confirm talks over possible merger
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) confirmed that they started discussions on the possibility of a merger or a combination of the two businesses, according to a bourse filing. “Each bank formed a …
Mergers and Acquisitions
National Bank of Abu Dhabi (Photo credit: Arabianeye - Reuters)
17 May 2016 00:09 AM Moody’s affirms ratings of 5 UAE banks
Dubai – Mubasher: Moody's Investors Service confirmed on Monday the long-term ratings of five UAE banks at ‘AA2’, with a negative outlook. The five banks are National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Union National Bank, Al Hilal Bank …
Stock Evaluations
Profits reach AED 1.27 billion in Q1-16 (Photo Credit: NBAD's bank)
27 April 2016 02:50 PM NBAD profits down on operating income
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) reported a 10.6% decline in its first-quarter profits, according to a bourse statement. Profits reached AED 1.27 billion ($345.7 million) in the first quarter of 2016, compared to AED 1.42 …
Financial Results
One of NBAD branches (Photo Credit: NBAD's Website)
13 April 2016 08:31 AM Abu Dhabi’s NBAD adjusts bonds’ conversion rate
Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) reset the conversion rate of its $500 million senior convertible bonds to $3.44 per share, according to a bourse statement. The new conversion rate marks a reduction from $3.48 per share. …
Corporate Actions
DIB branch (Photo Credit: Company's website)
17 March 2016 03:24 PM DIB hires 6 banks to arrange dollar-denominated sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has appointed six banks to arrange meetings with fixed-income investors in London on 21 March for the issuance of possible dollar-denominated sukuk to boost its capital, Reuters reported citing banking …
Companies Investments
Photo credit: Arabianeye - Reuters
16 March 2016 11:35 AM NBAD sets payment date of cash dividends
Abu Dhabi – Mubasher: National Bank of Abu Dhabi (NBAD) announced on Wednesday that cash dividends will be paid on 27 March, saying that the record date is 23 March. NBAD’s shareholders agreed to increase cash dividends from 40% to 45% of the …
Corporate Actions
Photo Credit: Arabianeye - Reuters
16 March 2016 10:45 AM Asian stocks mixed; eyes on Federal Reserve meeting
Mubasher: Asian stocks closed Wednesday on a mixed note amid investors’ anticipation of the Federal Reserve meeting.   Nikkei fell 0.8% to 16,974  points, and the TOPIX lost 0.8% to 1,360. Meanwhile, Shanghai Composite index rose 1.2% to 2870.4. …
Trading Activities
Photo archive
15 March 2016 04:44 PM NBAD shareholders OK bond programme, bigger dividends
By: Ramy Sameeh Abu Dhabi-Mubasher: National Bank of Abu Dhabi’s (NBAD) shareholders approved on Tuesday on increasing cash dividends by 5% to be paid at 45% of capital for the fiscal year 2015, according to a statement. The bank’s ordinary …
Corporate Actions
Photo Credit: Arabianeye-Reuters
2 March 2016 04:19 PM UAE faces dollar shortage, says largest local bank
By: Ramy Sameeh Abu Dhabi-Mubasher: "The UAE market is running short of dollar supply, but is not suffering a crisis," Alex Thursb, CEO at National Bank of Abu Dhabi’s (NBAD), the country’s largest bank by assets. Foreign reserves reached AED …
Macroeconomics
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 …
Event
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 …
Banking and 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 …
Event
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