Abu Dhabi's FAB moves to new branch location in London - after nearly 50 years

Dubai: UAE's biggest bank FAB has moved into a new branch location in London - for the first time since 1977.

The new location is at 20 Berkeley Square in Mayfair, and 'reflects the bank’s continued emphasis on client experience and trust'.

FAB's first branch in London was set up in 1977 through its previous avatar - National Bank of Abu Dhabi (NBAD). It was at the time the first Gulf-based bank to operate in the UK.

"What began as a branch has since evolved into a key pillar within FAB’s global banking network, now spanning over 20 international markets," said a statement. "Today, London remains central to the bank’s international strategy, serving institutional, and private clients, and enabling cross-border capital flows and innovation."

The new office was officially opened by Hana Al Rostamani, Group CEO of FAB along with Sheikh Mohamed bin Saif Al Nahyan, Vice-Chairman of FAB, Dr. Sultan Al Jaber, FAB Board member, and Mansoor Abulhoul, the UAE Ambassador to the UK.

Douglas Alexander MP, UK Minister for Trade Policy and Economic Security, was also present.

The new branch offers dedicated spaces for private banking, corporate advisory and client services.

Hana Al Rostamani, Group CEO of First Abu Dhabi Bank said: “Over the past 48 years, the ties between the UK and UAE have deepened, with bilateral trade growing significantly to 24.3 billion pounds today.

"The opening of our new London office is more than a relocation; it marks a strategic hub for the future of finance, a place where global insight meets regional expertise."

The bank’s $1.1 billion bond and sukuk listings happened on the London Stock Exchange in 2023. International operations now account for 17% of Group income.