by Amruth Sundarkumar | Mar 1, 2022 | Banks
Brookfield Business Partners and its partners have agreed to buy a 60% stake in the payments business of First Abu Dhabi Bank (FAB), known as Magnati with a valuation of $1.15bn. Once completed, FAB will retain a 40% stake in Magnati and will continue its partnership...
by bondevalue | Apr 22, 2021 | Financial Institution Bonds
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...
