The National Bank of Abu Dhabi's (NBAD) shareholders have approved distribution of a cash dividend of 40 per cent and a stock dividend of 10 per cent for the financial year ended December 31.
They also voted in favour of issua
National Bank of Abu Dhabi (NBAD) is not interested in buying the Egypt retail business of Citigroup, and is instead targeting organic growth in the country and globally, the bank's chief executive told Reuters on Sunday.
Global Sukuk issuance is expected to reach $145 billion in 2015, said experts, adding that the demand for Sukuk significantly outweighs the supply, with growing investor appetite for more diverse investment opportunities.
National Bank of Abu Dhabi (NBAD) plans to meet fixed income investors starting on Tuesday for a potential US dollar-denominated bond issue, a document from lead managers showed on Monday.
Rated AA- by Standard and Poor's and
National Bank of Abu Dhabi (NBAD), the largest lender by assets in the UAE, reported a 27.6 per cent rise in fourth-quarter net profit on Wednesday on higher fee income and lower impairments.
Banks in the United Arab Emirates (UAE
The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement.
The NBAD Cash Plus Fund allows investors to benefit from higher rates than conv
The National Bank of Abu Dhabi (NBAD) has successfully executed the UK government’s debut sukuk issue in its capacity as joint lead manager and joint bookrunner.
This groundbreaking sukuk is the first-ever sovereign sukuk by
The National Bank of Abu Dhabi (NBAD) has appointed James Burdett as its new Group chief financial officer (GCFO).
Burdett will lead the Group finance, strategy, group treasury, and investor relations functions. His primary respon
Two senior bankers at National Bank of Abu Dhabi are leaving the lender to pursue other opportunities, three sources said on Tuesday, at a time of changing strategy at the largest bank by assets in the UAE.
NBAD, 70 percent owned
The National Bank of Abu Dhabi’s (NBAD) Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.4 per cent of the net asset value (NAV) unit of 5.3615.
The Fund has earned a total income of