NBAD shareholders approve name change post merger
NBAD
Dubai - Arab Today
Shareholders of the National Bank of Abu Dhabi on Monday approved a proposal by the bank to change its name to First Abu Dhabi Bank.
The approval comes three weeks after the bank merged with Abu Dhabi’s First Gulf Bank (FGB).
The new name was proposed by the bank’s board of directors after the legal completion on April 2. The bank is still, however, listed on the Abu Dhabi bourse under the ticker name NBAD.
The merged entity has around Dh682 billion in total assets, making it the largest bank in the UAE by assets, and one of the largest in the Middle East and North Africa. A pro-forma financial statement of the merged entity showed it recorded Dh2.9 billion in net profit for the first quarter of 2017, up 12.4 per cent year-on-year.
In a statement on Monday, the bank said the name will take effect upon receipt of approvals from the Central Bank of the UAE and the Securities and Commodities Authority. The bank said it plans to unveil a new brand identity “in due course.”
source: GULF NEWS
- Wednesday ,08 March GMT 19:52 2017 Bank Muscat gets strong response for its $525m term loan facility
- Monday ,05 December GMT 22:08 2016 Islamic Development Bank Prices $1.25bn Fixed-Rate Trust Certificates Issuance
GMT 19:52 2017 Wednesday ,08 March
Bank Muscat gets strong response for its $525m term loan facilityGMT 20:19 2017 Tuesday ,07 March
Bank Muscat signs $525 million syndicated loan agreementGMT 05:41 2017 Wednesday ,15 February
Large UAE banks post solid profitabilityGMT 22:08 2016 Monday ,05 December
Islamic Development Bank Prices $1.25bn Fixed-Rate Trust Certificates IssuanceGMT 06:01 2016 Sunday ,30 October
GCC bank mergers ‘still rare despite tougher environment’
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:46 2018 Wednesday ,12 December
Festive Fashion by Dubai-based designer ASMARAÏA
GMT 12:50 2018 Tuesday ,11 December
India plans to pull out of $500 million missile deal with Israel
GMT 07:44 2017 Thursday ,28 December
Nermein Al Fekki participates in new drama showGMT 20:37 2011 Thursday ,10 March
Guardian correspondent missing in Libya
GMT 15:29 2017 Tuesday ,16 May
Al Ahly Club is keeping Hossam El Badry
GMT 03:10 2017 Saturday ,01 July
Actress Eman Al Assy happy for reactions in “Al Hesab Yegma”
GMT 18:20 2018 Monday ,29 October
Bon Jovi to kick off 2019 European tour in Moscow, first show in Russia in 30 years
GMT 08:49 2017 Friday ,31 March
Malaysians' emotional return from Pyongyang in Kim body swap
GMT 21:04 2018 Friday ,19 January
BDF holds graduation ceremony
GMT 02:24 2017 Tuesday ,29 August
Yogyakarta intensifies village tourism promotion
GMT 17:39 2017 Tuesday ,07 March
Lieberman to visit US to meet Trump administration officials
GMT 20:00 2014 Wednesday ,10 December
30 simple ways to change your life for better
GMT 18:41 2017 Friday ,10 March
Sabah Sedik ended filming her role in “Hayat”
GMT 15:02 2017 Thursday ,09 February
Coca-Cola earnings drop despite higher North American sales
GMT 06:40 2017 Saturday ,11 March
Iraq forces advance in Mosul
GMT 14:02 2017 Monday ,20 March
DP World optimistic on emerging markets, unconcerned by Trump
GMT 07:30 2017 Wednesday ,18 January
Daesh assault halts food aid drops in Syria's Deir Ezzor
GMT 15:16 2017 Monday ,30 October
Britain defends Balfour Declaration
GMT 04:28 2016 Wednesday ,14 December
Transport min, Greek amb discuss maritime cooperation
GMT 20:25 2017 Saturday ,06 May
Looting ravages Venezuela, unrest death toll hits 36
GMT 06:07 2017 Monday ,15 May
Renault’s Megane sedan makes its debut in the Kingdom
GMT 16:11 2017 Wednesday ,09 August
Zein will not participate in a Damascus’ party
GMT 09:56 2017 Friday ,17 February
Jacadi appoints Fuse Communications
GMT 18:32 2016 Thursday ,03 November
Trump border controls no borderline issue in Arab world
GMT 05:16 2017 Sunday ,20 August
The history of solar eclipses
GMT 22:19 2017 Sunday ,16 April
Zamalek will go to Petrosport on Tuesday to face El-Maqassa
GMT 18:59 2017 Saturday ,25 November
Iran Slams Bin Salman's 'Scandalous Intervention in Lebanese Affairs'
GMT 12:31 2017 Friday ,03 March
Ending epic wait, Lorde returns with dance track
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor