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First Abu Dhabi Bank PJSC (FAB) | Abu Dhabi Securities Exchange

8 months ago
1 min read

First Abu Dhabi Bank PJSC (FAB) is the largest bank in the UAE, formed through the merger of First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) in April 2017. Headquartered in Abu Dhabi, FAB is a prominent player in the UAE’s banking and investment services sector, providing a broad range of financial products and services through its diverse franchises:

  • Investment Banking: Offers corporate finance, Islamic finance, capital markets, and transaction banking services, among others.
  • Corporate and Commercial Banking: Provides services for corporate clients, contracting, commercial banking, and privileged client group.
  • Global Markets Trading: Includes trading, market-making, risk management, and investment management activities.
  • Consumer Banking: Features both conventional and Islamic banking products, such as current accounts, credit cards, loans, and wealth management services.
  • Global Private Banking: Offers investment solutions, brokerage, and securities services for high-net-worth individuals.

FAB has an international presence, operating in five continents, including Asia Pacific (APAC), Europe, Americas, Middle East, and Africa (EAMEA).

History
The formation of FAB was the result of the merger between FGB and NBAD, with the deal announced in July 2016 and completed by December 2016. The bank’s rebranding reflected the combined heritage of both institutions, with its “Awwal” (First) mark symbolizing growth and leadership.

Recognitions
FAB has received multiple recognitions:

  • Ranked #1 in the UAE, #2 in the Middle East, and 85th globally in The Banker’s Top 1000 World Banks 2020.
  • Global Finance ranked it as the safest bank in the UAE and the best bank in the UAE.
  • Forbes listed FAB as #1 in the UAE, #4 in the Arab world, and #303 globally among the world’s largest public companies.

Financial Performance
FAB posted a net profit of AED 13.4 billion in 2022, continuing its trend of robust financial performance.

Country of Incorporation
United Arab Emirates (UAE)

Incorporation Date
March 23, 1980

Business Sector
Banking & Investment Services

Company Address
Al Qurm – Business Park, P.O. Box 6316, Abu Dhabi, UAE

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