Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

FAB, ADCB Deny Rumors of a Merger

FAB, ADCB Deny Rumors of a Merger

First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) strongly denied reports that they were in talks to merge their companies. Both the bank said that the report was “unsubstantiated” and “false”. ADCB said that it “categorically denies the false content of...
Brookfield to Buy 60% Stake in FAB’s Payments Biz at $1.15bn Valuation

FAB to Complete Bank Audi Acquisition

First Abu Dhabi Bank – Egypt (FAB), in collaboration with the Central Bank of Egypt (CBE), is to complete its 100% acquisition of Bank Audi, according to Mohamed Fayed, CEO of FAB. Fayed believes that the deal will contribute to the strengthening of Egyptian...
Brookfield to Buy 60% Stake in FAB’s Payments Biz at $1.15bn Valuation

FAB’s Q3 Profits Jump 54% to $1bn

UAE’s largest lender, First Abu Dhabi Bank (FAB) reported strong Q3 results with operating income up 49% YoY to AED 6.41bn ($1.75bn) driven largely by a 125% YoY jump in non-interest income to AED 3.27bn ($890mn). Operating profits came in at AED 4.82bn...
Brookfield to Buy 60% Stake in FAB’s Payments Biz at $1.15bn Valuation

FAB Reports Resilient Earnings

First Abu Dhabi Bank, UAE’s largest bank reported Q1 earnings on Wednesday with its balance sheet strengthened across liquidity, funding and capital ratios. The bank reported resilient performance despite the slow recovery from the pandemic – its Net...
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