First Abu Dhabi Bank


First Abu Dhabi Bank is the largest bank in the United Arab Emirates. It was formed as a merger involving First Gulf Bank and National Bank of Abu Dhabi.

History

First Gulf Bank and National Bank of Abu Dhabi announced on July 3, 2016, that their boards of directors had voted unanimously to recommend to shareholders a merger of the two banks. The transaction was approved by the respective shareholders of the two banks on December 7, 2016.
The transaction was executed through a share swap, with FGB shareholders receiving 1.254 NBAD shares for each FGB share they held.

Board of directors

The combined bank’s board includes four nominated directors of the former FGB and four nominated directors of the former NBAD.