Google+ Followers

Sunday, 2 April 2017

Newly merged First Abu Dhabi Bank's shares rise in debut trade | Reuters

Newly merged First Abu Dhabi Bank's shares rise in debut trade | Reuters:

 "First Abu Dhabi Bank's NBAD.AD shares rose on Sunday on the first day of trading after the completion of a merger of the emirate's two largest banks.

The merger of National Bank of Abu Dhabi and First Gulf Bank to create one of the largest banks in the Middle East and Africa was first announced in June last year.

It will have shareholders' equity of 98 billion dirhams ($26.7 billion) and a market capitalization of around 111 billion dirhams, Abdulhamid Saeed, group chief executive of the new bank said."



'via Blog this'