First Abu Dhabi Bank Shareholder Offers $480 Million Stake
A shareholder in First Abu Dhabi Bank PJSC plans to sell a roughly 1% stake in the UAE-based bank, exiting its position in the lender.
The undisclosed investor is offering about 113 million shares at a fixed price of 15.50 dirhams apiece, according to terms seen by Bloomberg. The stake would be worth about 1.75 billion dirhams ($480 million) at that price.
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