Riyadh – Mubasher: The Saudi Capital Market Authority’s (CMA) board of directors has approved giving a licence to First Abu Dhabi Investment Saudi Company to start providing arrangement and advisory services in securities.

In May 2017, First Abu Dhabi Bank (FAB) revealed its plans to expand into Saudi Arabia through acquisitions or by obtaining licences.

FAB is the result of a merger between the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), which brought about one of the largest banks in the Middle East and Africa.