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 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

First Abu Dhabi Bank rebrands property unit

01/04/2018

First Gulf Properties, the real estate service provider and a wholly-owned subsidiary of the First Abu Dhabi Bank (FAB), has changed its name to "FAB Properties."

It manages a diversified

Trade Arabia

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 400.10 -1.90 (-0.48%)
EMIRATESNBD 26.90 -0.10 (-0.38%)
ADCB 15.56 -0.04 (-0.26%)
ADIB 23.44 -0.16 (-0.68%)
DIB 9.66 -0.11 (-1.13%)
Doha Bank bolsters Tadbeer services to enhance payroll digital solutions for government entities

07/08/2025

Doha Bank is enhancing its digital payroll solutions for government entities through the expansion of its secured "Tadbeer" platform.

Designed to streamline salary upload services, the platf

Gulf Times

ADNOC ranked 6th most valuable global energy brand in Brand Finance Energy 100 report

07/08/2025

ADNOC has been ranked the sixth most valuable energy brand in the world, according to Brand Finance's 2025 Energy 100 report.

The company's brand is now valued at US$19 billion, a 25 percent

Gulfnews

Fakeeh group delivers 1H 2025 revenue of SR1.51 billion, up 13% year-on-year

07/08/2025

Dr Soliman Abdel Kader Fakeeh Hospital Company and its Subsidiaries ("Fakeeh Care Group", "FCG", "Fakeeh Care", the "Company" or the "Group"), a leading fully integrated academic healthcare provider

Saudi Gazette

UAE: Strong sales push Emaar's profit to Dh10.4 billion during first 6 months of 2025

07/08/2025

Emaar Properties on Wednesday announced net profit before tax increased to Dh10.4 billion in the first half of 2025, a growth of 34 per cent compared to the same period last year, driven by robust pe

Khaleej Times

Saudi Aramco lifts crude prices for Asian buyers

07/08/2025

Saudi Aramco has increased the official selling price of its flagship Arab Light crude for Asian buyers in September.

The state-owned energy giant raised the Arab Light price by $1 per barre

Arab News