Riyadh – Mubasher: First Abu Dhabi Bank (FAB) plans to expand its footprint in Saudi Arabia over the coming period to meet its customers' demand, according to Abdul Hamid Mohammed Saeed, CEO of FAB.

Saeed added that the bank is about to open another branch in Saudi Arabia soon, according to the bank’s statement on Thursday.

FAB is already operating in Saudi Arabia, Kuwait, Lebanon, Qatar, Oman, and Bahrain.

In May, FAB opened its first branch in Saudi Arabia in Al Cayan Tower, Riyadh.

It is worth noting that the bank reported a 3% year-on-year increase in net profit for the third quarter of 2019, recording AED 3.11 billion.