Item 1. Business

ADX Governance & Disclosure

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**Overview**
First Abu Dhabi Bank (FAB) is the largest bank in the UAE by assets (AED 1.21 Trillion as of Dec 2024). Created by the merger of First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD), FAB is a systemically important financial institution headquartered in Abu Dhabi.

**Strategy & Vision**
Our strategy, "Grow Stronger," focuses on:
- **Global Network:** Operating in 20 markets across 5 continents to facilitate trade and investment flows (MENA-Asia corridor).
- **Core Business Lines:**
  1. **Investment Banking:** Leading debt capital markets and M&A advisory in the region.
  2. **Corporate & Commercial:** Supporting UAE's economic diversification and large-scale infrastructure projects.
  3. **Consumer Banking:** Digital-first retail banking propositions.
  4. **Global Private Banking:** Wealth management for UHNWIs and family offices.

**Sustainability Leadership**
FAB has committed to lending, investing, and facilitating USD 136 Billion in sustainable financing by 2030. We are a key partner in the UAE's Net Zero 2050 initiative.

**Recent Developments (FY2024)**
- **Net Profit:** Increased 4% YoY to AED 17.1 Billion ($4.7B).
- **Total Assets:** Grew 4% to AED 1.21 Trillion.
- **International Revenue:** Surged 32%, now contributing 23% to Group totals, validating our international expansion strategy.

Review Status

Reviewer

⚠️ Needs Legal Review

✓ Acct. Standards Check

Audit Focus 3

●Segment reporting accuracy
●Loan portfolio classification
●Fair value of financial instruments

Guidelines

Describe the general development of the business, subsidiaries, and strategic initiatives.

Last Updated

Oct 24, 2025

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