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 bourse statement

The new entity will be named First Abu Dhabi Bank, after obtaining regulatory approvals and following the shareholders’ general meeting that will be held at a later stage to approve the name.

The new bank is now the “largest” bank in the UAE and the MENA region with total assets over AED 670 billion ($180 billion)

"The start of trading on the shares of the new bank should reflect positively on the overall trading on the exchange during the coming period,” ADX chief executive Rashed Al Balooshi said.