20/03/2018 05:08 AST

First Abu Dhabi Bank (FAB) has refuted allegations that it had conducted any transaction with the intent to manipulate the Qatari riyal.

In a statement, FAB said: "Following recent media speculation, we are surprised to read news reports containing rumours, alleging that First Abu Dhabi Bank (FAB) conducted transactions with the intent to manipulate the Qatari riyal. FAB conducts its business in accordance with the highest professional standards and complies with the laws and regulations of the jurisdictions in which it operates. FAB categorically refutes these rumours.

"FAB maintains strong working relationships with regulators across the globe and continually engages in constructive dialogue to ensure full compliance with the latest legal and regulatory requirements. This ongoing commitment is a cornerstone of FAB's operations and a key factor in our ability to enable clients and partners to grow stronger," it added.

Abu Dhabi-based FAB, the UAE's largest bank and one of the world's largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading corporate and investment banking and personal banking franchises.


Trade Arabia

First Abu Dhabi Bank issues region's inaugural blue bond

29/08/2025

The First Abu Dhabi Bank (FAB) has successfully issued a HKD390 million ($50 million) Blue Bond, a growing category of sustainable finance instruments, designed to advance and promote water-related e

Trade Arabia

First Abu Dhabi Bank crosses Dh10b in H1 profit on strong growth

24/07/2025

First Abu Dhabi Bank (FAB), the UAE's largest lender and one of the world's top-rated financial institutions, has reported a record net profit of Dh10.63 billion for the first half of 2025, marking a

Khaleej Times

First Abu Dhabi Bank's Q1 profit jumps 23% to Dh5.13b

30/04/2025

First Abu Dhabi Bank (FAB), the UAE's largest bank, announced a 23 per cent increase in its first-quarter net profit, reaching Dh5.13 billion compared to the same period last year.

The bank'

Khaleej Times

Ticker Price Volume
FAB Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
IHC 400.00 -0.20 (-0.05%)
EMIRATESNBD 25.40 0.50 (2.00%)
ADCB 14.40 0.48 (3.44%)
ADIB 22.18 0.28 (1.27%)
DIB 9.86 0.09 (0.92%)
NBK-Egypt funds 4th stage of solar power plant at Shefaa' Al-Orman Hospitals

19/09/2025

As part of its Corporate Social Responsibility and in support of Egypt's efforts to create a sustainable ecosystem that depends on renewable energy as one of the most important sources of energy, NBK

Kuwait Times

Al Maha signs diesel supply agreement for Fahud heavy oil production Facility

19/09/2025

Extending Al Maha's relationship with Petroleum Development Oman, which has lasted for more than twenty-five years, the company's Chief Executive Officer, Eng. Hamed bin Salim Al Maghdri, signed a ne

Times of Oman

As of today, Estithmar Holding's listing on FTSE Mid Cap Index is effective

19/09/2025

As of September 18, 2025, Qatar based Estithmar Holding Q.P.S.C. has been included in the FTSE Mid Cap Index following the September 2025 FTSE Global Equity Index Series (GEIS) Semi-Annual Review. Ch

The Peninsula

Al Seer Marine announces delivery of its third ammonia-capable VLGC

19/09/2025

Al Seer Marine, a leader in advanced maritime solutions and a subsidiary of IHC, has announced with BGN the delivery of Merak, its third Very Large Gas Carrier (VLGC) equipped with ammonia-carrying c

Trade Arabia

AD Ports Group awards deal for two shallow-draft container vessels for Caspian Sea ops

19/09/2025

AD Ports Group, a global enabler of trade, transport, logistics, and industry, has awarded a contract to Baku Shipyard in Azerbaijan for the construction of two 780 TEUs container vessels that will s

Trade Arabia