First Abu Dhabi Bank plans to expand in the UAE, Saudi Arabia & Egypt

The largest UAE bank, First Abu Dhabi Bank, has announced that it will expand further in the Emirates, Egypt, and Saudi Arabia in the coming months.

The bank said last week that its net profit for the year was 12.53 billion dirhams ($ 3.41 billion), up 19 percent from 10.55 billion dirhams in 2020.

According to Hana Al Rostamani, CEO of the First Abu Dhabi Bank Group, her bank will be able to provide consumers with the greatest advice and solutions in 2021.

According to Al Rostamani, First Abu Dhabi Bank’s overseas operations performed exceptionally well in 2021.

As the bank proceeded to develop its operations in the target countries, the acquisition of Bank Audi Egypt bolstered the bank’s efforts.

As a result, revenue from foreign operations increased by 26% from 2020, with the Middle East and North Africa region accounting for 52% of total international sales, up from 39% in 2020.