UAE's First Abu Dhabi gets securities licence in Saudi Arabia:
"First Abu Dhabi Bank, the largest bank in the United Arab Emirates by assets, has been given the go-ahead by Saudi Arabia’s regulator to conduct arranging and advising activities in the securities sector, a source close to the matter said.
It is the latest foreign bank attracted by opportunities in Saudi Arabia, which is embarking on an investment drive to diversify its economy beyond oil revenues.
FAB, created by last year’s merger between National Bank of Abu Dhabi and First Gulf Bank, said last week that it was working on expanding its business in Saudi Arabia."
'via Blog this'
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