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FGB, NBAD board discusses merger

FGB, NBAD board discusses merger
The entity’s board also approved the 2017 budget (Photo Credit: Press Release)
FAB
FAB
5.03% 18.38 0.88
FGB
FGB
-0.39% 12.90 -0.05

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 nomination of board committees and a delegation of authorities to ensure the commencement of activities immediately after the merger's completion.

The entity’s board also approved the 2017 budget.