NBAD board to meet on February 2 to discuss fourth-quarter results

Abu Dhabi: The National Bank of Abu Dhabi (NBAD), Abu Dhabi's largest bank, on Sunday said its board will meet on February 2 to review the financial performance for the fiscal fourth quarter and review and approve financial results for the whole of 2008 financial year.

In a filing to the Abu Dhabi Securities Exchange, where it's listed, NBAD said its board will also discuss and approve proposals for dividends for the last financial year. As well, it would discuss inviting an ordinary general assembly meeting of NBAD shareholders.

Shares of NBAD fell marginally on Thursday to end at Dh8.50 a share on a declining market.

NBAD was incorporated in 1968. NBAD has a network of 74 branches in the UAE in addition to cash offices spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organisations. NBAD also has three shift offices inside the security areas of the Abu Dhabi International Airport providing currency and travellers' cheques exchange services. The branch network is widened further with 187 automated teller machines (ATMs).

NBAD's overseas network stretches from Oman, Kuwait and Bahrain in the Gulf region, Egypt and Sudan in Africa, London, Paris, and Geneva in Europe to Washington, DC in the US.