Press releases, Reports & Disclosures for First Abu Dhabi Bank

The document is the condensed consolidated interim financial information for FAB for the third quarter of 2024, covering the nine-month period ending on September 30, 2024.

The document is a Management Discussion and Analysis report for the nine-month period ending on September 30, 2024.

On 17 September 2024, First Abu Dhabi Bank (FAB) completed a co-investment with Brookfield Asset Management and other investors to acquire 100% of Network International Holdings Plc. This acquisition was conducted through BCP VI Neptune Bidco Holdings Limited, reinforcing FAB's leading position in the payments and financial services sectors in the Middle East and Africa. Following regulatory approvals, FAB and Brookfield will contribute their interests in Magnati Sole Proprietorship LLC in exchange for additional interests in Network Project Holdings 1 Limited, which will hold the combined businesses of Network and Magnati. This combination is expected to generate significant value, driving innovation and growth in the payments industry. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.

First Abu Dhabi Bank (FAB) has appointed Chris Jaques as Group Chief Risk Officer effective August 5, 2024. Mr. Jaques brings over 30 years of experience in the financial services sector, having held leadership roles in risk management, income derivatives trading, and multi-asset fund management. He joins FAB after an 11-year tenure at Deutsche Bank, where he most recently served as Chief Risk Officer for the UK and Ireland and Global Head of Enterprise Risk Management. FAB’s Board of Directors and leadership extend a warm welcome to Mr. Jaques. For media and investor inquiries, contact FAB Communications or FAB Investor Relations.

The Management Discussion & Analysis for the six-month period ended June 30, 2024, provides an overview of the financial performance and position of the company. It includes an analysis of the company's revenue, expenses, and profitability, as well as a discussion of key factors that influenced the results. The report also covers significant events and transactions that occurred during the period, and provides insights into future outlook and potential risks.