Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has denied any negotiations regarding merging the bank’s unit, NBAD Securities, with SHUAA Capital, Al Bayan Newspaper reported, citing deputy CEO André Sayegh as saying.
The UAE's largest bank by assets has no intention to issue new bonds in the meantime, Sayesh emphasised on the sidelines of the annual general meeting on Sunday 25 February, adding that the bank’s liquidity ratios are high.
FAB will review its international presence strategy in an effort to focus on automation and digitisation projects, in addition to providing clients with different suitable options and achieving growth, he stressed.
Dividends eligibility will be for shareholders registered on 7 March 2018.
