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First Gulf Bank shareholders' approve NBAD merger - CEO
December 7, 2016 / 2:10 PM / a year ago

First Gulf Bank shareholders' approve NBAD merger - CEO

ABU DHABI, Dec 7 (Reuters) - First Gulf Bank (FGB) secured shareholders’ approval to merge with National Bank of Abu Dhabi (NBAD) at a meeting on Wednesday, FGB’s chief executive Andre Sayegh said.

The pair said in July that their boards had approved the tie-up, which will create one of the largest banks in the Middle East and Africa with assets of around $175 billion.

NBAD shareholders approved the deal earlier on Wednesday. (Reporting By Stanley Carvalho; Writing by Tom Arnold. Editing by Jane Merriman)

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