RIYADH, June 12 (Arab News): First Abu Dhabi (FAD) Bank has announced the completion of a legal merger with Bank Audi Egypt to operate as a single legal entity under the new name, First Abu Dhabi Bank Egypt.
The full integration of the bank's operations and systems will be completed by the last quarter of 2022, Al-Arabiya reported citing a statement.
With the completion of the merger, FAB Egypt will now be operating in the Egyptian market with assets valued at 185 billion Egyptian pounds ($9.8 billion).
First Abu Dhabi Bank completes merger with Bank Audi Egypt
FE Team | Published: June 12, 2022 23:44:04
First Abu Dhabi Bank completes merger with Bank Audi Egypt
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