Abu Dhabi: First Abu Dhabi Bank (FAB) has raised almost US$200 million assets under management (AUM) through a new Fixed Maturity Portfolio (FMP) – marking record subscription levels. The portfolio includes the second…
Tag: FAB
Abu Dhabi's FAB 9-month net profit at Dh12.89b, as overseas operations also lend weight
The UAE operations saw 12% growth on the revenue side. “FAB’s third consecutive quarter of net profit growth, with earnings underpinned by robust year-on-year revenue expansion, shows clearly that our client-centric approach…
FAB, Brookfield move closer to combining UAE payment processing firms Network, Magnati
FAB was one of the investors along with Canada’s Brookfield that announced plans to acquire 100 per cent of Dubai-based Network International. (The latter was listed in London.) FAB was also the…
UAE mega-bank FAB cashes Dh8.4 billion as net profit for H1-2024
With Mashreq Bank’s results awaited, five of the leading banks in the UAE had combined net profits of around Dh34 billion during H1-24. “FAB delivered another strong set of results while continuing to…
FAB, Microsoft announce strategic partnership on AI-based banking
Abu Dhabi: First Abu Dhabi Bank (FAB) and Microsoft will collaborate to develop new AI-based banking capabilities under a strategic business partnership, with the UAE’s largest bank and the global technology leader…
FAB shareholders approve Dh7.8 billion cash dividend
Sheikh Tahnoon Bin Zayed Al Nahyan, Chairman of FAB, said: “Against the backdrop of a more challenging global financial and economic environment in 2023, First Abu Dhabi Bank came through the year…