FAB opens new branch in ADGM

FAB opens new branch in ADGM

Local News















Abu Dhabi / WAM

First Abu Dhabi Bank (FAB) opens a new branch in Abu Dhabi Global Market (ADGM), after being granted a license by the ADGM Financial Services Regulatory Authority.

Functioning as standalone entity under ADGM rules, the branch’s clientele base includes multinational, regional and local top-tier corporates, financial institutions, including non-banking financial institutions, and government-related entities. Its focus is to serve and develop relationships with FAB group’s core clients operating in and from ADGM, drawing on FAB’s global relationships, expertise and financial strength.

The new branch is now fully operational, and will be led by Mustafa Al Khalfawi as CEO of FAB ADGM branch, in addition to his current role as Head of Global Banking UAE & Global Head of Government, Sovereigns and Public Sector at FAB.

Al Khalfawi is an experienced banker who has been with the bank since 2008. He brings to the role over 20 years of experience in the financial sector, having held several key positions throughout his career.

Martin Tricaud, Group Head of Investment Banking, FAB, said, “With the expansion of our presence in ADGM’s vibrant financial services ecosystem, FAB can better