First Abu Dhabi Investment Saudi Company has obtained the approval of the Saudi market regulator, the Capital Market Authority (CMA) to rebrand into FAB Capital, according to a bourse statement.

 

Earlier this year, the CMA approved licensing First Abu Dhabi Investment Saudi Company to provide advisory services, according to news reports. In May 2017, First Abu Dhabi Bank (FAB) revealed its plans to expand into Saudi Arabia through acquisitions or by obtaining licenses.

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