Abu Dhabi’s NBAD, FGB Approve Plan to Form $175 Billion Bank

  • FGB managing director Abdulhamid Saeed to be CEO after deal
  • Combined entity to operate under NBAD name; FGB to be delisted

Abu Dhabi's NBAD and FGB to Merge

National Bank of Abu Dhabi PJSC is merging with rival First Gulf Bank PJSC in a deal that will create a regional powerhouse with $175 billion of assets.

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