Abu Dhabi's NBAD, FGB agree to merge to create a US$175b bank
Deal is subject to shareholders' approval and will be executed via a share swap
Mon, Jul 04, 2016 - 5:50 AM
THE board of directors at National Bank of Abu Dhabi PJSC (NBAD) and First Gulf Bank PJSC (FGB) have agreed to a merger that will create a lender with US$175 billion assets in the first quarter of 2017.
The deal, which is subject to shareholders' approval, will be executed...