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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...

First Abu Dhabi Bank submits a non-binding offer for a majority stake in EFG Hermes

First Abu Dhabi Bank (FAB) announces that it has submitted a non-binding offer for a potential cash acquisition of a majority stake in Egyptian...

FAB reports full year 2021 Group Net Profit of AED 12.5 Billion, up 19% year-on-year

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, reported its financial results for the full...

Emirates Development Bank, First Abu Dhabi Bank to provide AED 165 million revolving credit facility to Lamprell, secured by Etihad Credit Insurance

Emirates Development Bank (“EDB“) announced the closure of a AED 165 million revolving credit facility, co-arranged with First Abu Dhabi Bank (“FAB”) to Lamprell...

Magnati milestone: du in partnership with Magnati achieves one of the region’s highest digital payment acceptance rates for online transactions

Magnati, a fully-owned subsidiary of First Abu Dhabi Bank (FAB), has supported du, from Emirates Integrated Telecommunications Company (EITC), in achieving one of the...

FAB reports Group Net Profit for the first nine months of 2021, up 26% year-on-year

First Abu Dhabi Bank (FAB) reported its financial results for the nine-month period ended 30 September 2021. The Group generated a net profit of AED...

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