Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has denied circulated reports regarding an attempt conducted by the UAE-based lender to manipulate the Qatari riyal, according to a statement released on Monday.

FAB carries out its activities in compliance with high professional standards and follows laws and regulations wherever it operates, the Abu Dhabi-listed bank added.

“FAB maintains strong working relationships with regulators across the globe and continually engages in constructive dialogue to ensure full compliance with the latest legal and regulatory requirements,” the Emirati bank revealed.

In February, FAB’s ordinary general meeting (OGM) approved the distribution of AED 7.6 billion in cash dividends for 2017, which make up 70% of the bank’s capital.