First Abu Dhabi Bank
AADX:FAB18.62
AED
-0.48
(-2.51%)
ISIN
AEN000101016
Return %
Stock
S&P 500
1Y
8.00
14.20
3Y
43.23
81.12
5Y
4.77
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Hana Al-Rostamani
- Sector
- Finance
- Industry
- Major banks
- Address
- Abu Dhabi United Arab Emirates
- IPO Date
- Nov 15, 2000
- Website
- bankfab.com
- Similar Companies
- Business
- First Abu Dhabi Bank PJSC is a financial services holding company that provides a comprehensive range of commercial, retail, corporate, investment, and Islamic banking solutions. Headquartered in Abu Dhabi, United Arab Emirates, the bank was established in 2017 through the merger of First Gulf Bank, founded in 1979, and the National Bank of Abu Dhabi, founded in 1968. The company operates through four principal business segments: Investment Banking and Markets; Wholesale Banking; Personal, Business, and Wealth Banking; and Islamic Banking. First Abu Dhabi Bank maintains an international operating footprint across 20 markets on five continents, including key jurisdictions in the Middle East and North Africa, Europe, the Americas, and the Asia-Pacific region, serving retail consumers, small- and medium-sized enterprises, multinational corporations, sovereign entities, and institutional investors. Key subsidiaries and operating units include FAB Egypt, FAB Islamic, First Abu Dhabi Securities, and payments platform affiliate Magnati. The company provides an extensive portfolio of financial products and services, including consumer deposit solutions such as current accounts, savings accounts, call accounts, and term deposits; personal financing facilities comprising auto loans, personal loans, residential mortgages, and home equity solutions; payment solutions encompassing credit cards, debit cards, prepaid cards, merchant acquiring services, point-of-sale systems, and digital payment gateways; wholesale transaction banking services, including corporate working capital lending, syndicated loans, letters of credit, bank guarantees, supply chain financing, cash management, and liquidity solutions; investment banking services, including debt capital markets issuance, equity underwriting, mergers and acquisitions advisory, structured finance, and loan syndications; global markets and treasury products, comprising foreign exchange execution, interest rate and currency derivatives, commodity hedging, fixed income trading, and structured investment solutions; private banking and wealth management services, covering discretionary portfolio management, family office advisory, global custody, and securities brokerage; and Sharia-compliant banking products spanning consumer finance, corporate financing, and Islamic Sukuk structuring. In recent developments, First Abu Dhabi Bank has advanced strategic international partnerships, digital asset infrastructure, and sustainable finance initiatives. The bank entered into a strategic distribution partnership with T. Rowe Price to deliver global equity, fixed income, and alternative investment solutions to private banking and institutional clients across the Gulf Cooperation Council, following an alliance with European asset manager Amundi to expand regional wealth offerings. In digital transaction banking, the bank executed commercial-scale U.S. dollar transactions using tokenized deposits via Swift's Ledger MVP platform in collaboration with Citi, marking a pioneering digital currency initiative in the Middle East and Africa. Operationally, the bank doubled its industrial financing commitment with the UAE Ministry of Industry and Advanced Technology to AED 10 billion to support manufacturing and technology enterprises, and integrated its lending systems with the Abu Dhabi Real Estate Centre to automate digital mortgage origination. In sustainable finance, the bank established an AED 100 billion blue finance target to support marine conservation and water security projects, while expanding its cumulative sustainable and transition finance deployment past AED 380 billion toward its 2030 target of AED 500 billion.