Monday 17 February 2014

NBAD in place to capitalise on expected IPOs | The National

NBAD in place to capitalise on expected IPOs | The National:



"National Bank of Abu Dhabi expects as many as six UAE companies to go public this year, raising as much from Dh8 billion in share sales.



The country’s biggest bank by market capitalisation is positioning itself to pick up lucrative fees from advising on some of these planned offerings.



It hopes to fill a void left by the retrenchment of some western investment banks in the wake of the financial crisis.



“NBAD has been investing in its investment banking capacity, knowing who is ready first will be capturing the market share,” said Majd Maaiteh, the head of securities at the Abu Dhabi-headquartered bank."



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