First Abu Dhabi Bank eyes entering Saudi market in 2018 | ZAWYA MENA Edition

First Abu Dhabi Bank eyes entering Saudi market in 2018 | ZAWYA MENA Edition:

"First Abu Dhabi Bank FAB.AD , the largest bank in the United Arab Emirates, expects to enter Saudi Arabia's banking market in 2018, a senior executive said on Sunday. The bank has applied for a commercial banking licence in the kingdom, Karim Karoui, the bank's group head of subsidiaries, strategy and transformation, told reporters. FAB, created by last year's merger between National Bank of Abu Dhabi and First Gulf Bank, recently was given the go-ahead by Saudi Arabia's regulator to conduct arranging and advising activities in the securities sector."



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