FAB board to meet on April 29

Dubai

First Abu Dhabi Bank (FAB) said that its board of directors will meet on April 29 at 2pm to discuss the bank’s financial results for the first quarter of 2018.

The results will be disclosed to the Abu Dhabi bourse where the bank is listed after the meeting is over, the bank said. FAB reported Dh10.9 billion in profit for 2017, down 3.5 per cent year-on-year.

EFG Hermes is forecasting Dh2.28 billion in net profit by the bank in the first quarter.