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First Abu Dhabi Bank (FAB) launches multiple-thematic fund, the ‘FAB Thematic Rotation Fund’

First Abu Dhabi Bank (FAB) has launched a multiple-thematic fund, the ‘FAB Thematic Rotation Fund’ under the OneShare PLC umbrella fund which is regulated...

FAB reports a Group Net Profit of AED 8.0 Billion for the first half of 2022, up 50% year-on-year

H1’22 highlights: Group Net Profit at AED 8.0 Billion, up 50% yoy; annualised Earnings per Share at AED 1.43 Total Income at AED 12.5...

First Abu Dhabi Bank launches Global Think Tank and Thought Leadership Platform

First Abu Dhabi Bank (FAB) in collaboration with ICON Training and Coaching and on specific programmes with Yale SOM executive education today launched the...

First Abu Dhabi Bank opens new branch in ADGM

First Abu Dhabi Bank (FAB) has opened a new branch in Abu Dhabi Global Market (ADGM), after being granted a license by the ADGM...

FAB Egypt announces new brand “FABMISR” after merger of Bank Audi Egypt’s Assets and approval of CBE

First Abu Dhabi Bank (FAB) Egypt has announced the completion of the legal merger of Bank Audi Egypt, where all the bank’s assets in...

First Abu Dhabi Bank reports Group Net Profit of AED 5.1 billion for the first quarter of 2022

First Abu Dhabi Bank (FAB) reported its financial results for the three-month period ended 31 March 2022. The Group produced a strong set of results...

Careem Pay launches digital wallet and peer-to-peer transfer in the UAE

Careem Pay introduces a digital wallet that stores real money for Customers in the UAE. Careem Pay is also launching the UAE’s easiest way...

First Abu Dhabi Bank withdraws its non-binding offer for majority stake in EFG Hermes Holding S.A.E.

After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank (FAB) has decided to...

First Abu Dhabi Bank announces the sale of a 60% stake in Magnati to Brookfield Business Partners

First Abu Dhabi Bank today announced that it has signed an agreement for the sale of a 60% stake in its payments business Magnati,...

‘Wio,’ a next-generation banking platform to launch in Abu Dhabi

ADQ, an Abu Dhabi-based investment and holding company, announced that the Central Bank of the UAE had granted in-principle approval to launch a new...

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