Abu Dhabi – Mubasher: First Abu Dhabi Bank’s (FAB) equity weight on the Bloomberg GCC 200 index, a gauge of the biggest and most liquid stocks in the region, rose 4% in September 2017, compared to 1.95% in August.
Meanwhile, the Emirati bank’s stock added 1.8% in September from 0.9% a month earlier on Bloomberg index for Middle Eastern banks.
Moreover, the bank's stock surged 34.9% in September on the Abu Dhabi Securities Exchange (ADX), according to Emirates News Agency (WAM).
At the end of July 2017, FAB topped the local banks' list in terms of free-float stake, as shares reached 6.84 billion shares, equivalent to 62.8% of its capital totaled 10.898 billion shares.
Local individuals, foreign investors, and GCC investors account for 52%, 9.3%, and 1.5%, respectively of FAB’s free-float shares.
