Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is expected to operate in Saudi Arabia this year after receiving a licence from the Saudi Capital Market Authority’s (CMA) to incorporate a banking services firm in the kingdom, deputy CEO André Sayegh stated on Monday.
The UAE-based bank plans to expand into Egypt and India, Sayegh revealed.
FAB’s ordinary general meeting approved the distribution of AED 7.6 billion in dividends.
