Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  ABU DHABI SECURITIES MARKET  >  First Abu Dhabi Bank PJSC    FAB   AEN000101016

FIRST ABU DHABI BANK PJSC

(FAB)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

First Abu Dhabi Bank : DAE signs new US$440 million unsecured revolving credit facility

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/27/2019 | 08:36am EDT

DUBAI, 27th June, 2019 (WAM) -- Dubai Aerospace Enterprise, DAE, announced Thursday that it has signed a new long-term unsecured revolving credit facility with First Abu Dhabi Bank PJSC and HSBC Bank Middle East Limited as bookrunners and mandated lead arrangers.

Following an oversubscription in syndication the Facility was closed at an amount of US$440 million with a group of 12 lenders. The Facility will support the future financing needs of the business.

Firoz Tarapore, Chief Executive Officer of DAE, said, "We are pleased to sign this facility with First Abu Dhabi Bank and HSBC. This facility reinforces the strong availability of liquidity in the market and the confidence in DAE’s strategy and reputation. DAE has raised US$2.8 billion of new, long-term unsecured revolving credit facilities in the last year.

"These facilities support the growth of our business, dramatically boost the liquidity cushion and facilitate our migration to a principally unsecured debt issuer. Our Unsecured Debt-to-Total Debt ratio is approaching 60 percent."

(c) 2019 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIRST ABU DHABI BANK PJSC
06/27FIRST ABU DHABI BANK : DAE signs new US$440 million unsecured revolving credit f..
AQ
06/27FIRST ABU DHABI BANK : DAE signs $440m revolving credit facility
AQ
06/24ALAFCO closes $470m 5 year unsecured Murabaha Facility
AQ
06/21ADX adds 1.6% in week
AQ
06/20FIRST ABU DHABI BANK : UAE's First Abu Dhabi Bank closes Qatar operations
AQ
06/19FIRST ABU DHABI BANK : to shut down branch in Qatar
AQ
06/16Foreigners continue to buy Saudi shares, but at a slow pace
AQ
06/10FIRST ABU DHABI BANK : Qatar imposes restrictions on UAE bank over 'currency man..
AQ
06/02FIRST ABU DHABI BANK : Emirates Foundation Ramadan campaign paints happiness acr..
AQ
06/01QNB CONTINUES TO BE BIGGEST BANK IN : Kamco
AQ
More news
Financials (AED)
Sales 2019 20 551 M
EBIT 2019 14 942 M
Net income 2019 12 793 M
Debt 2019 -
Yield 2019 5,28%
P/E ratio 2019 13,1x
P/E ratio 2020 12,1x
Capi. / Sales2019 7,95x
Capi. / Sales2020 7,41x
Capitalization 163 B
Chart FIRST ABU DHABI BANK PJSC
Duration : Period :
First Abu Dhabi Bank PJSC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FIRST ABU DHABI BANK PJSC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 15,17  AED
Last Close Price 15,00  AED
Spread / Highest target 12,7%
Spread / Average Target 1,15%
Spread / Lowest Target -17,5%
EPS Revisions
Managers
NameTitle
Abdulhamid Mohammad Saeed Group Chief Executive Officer
Zulfiquar Ali Sulaiman Group Chief Operation & Integration Officer
James Burdett Group Chief Financial Officer
Nasser Ahmed Khalifa Al-Sowaidi Vice Chairman
Ahmed Mohamed Sultan Al-Dhaheri Director
Sector and Competitors
1st jan.Capitalization (M$)
FIRST ABU DHABI BANK PJSC6.38%44 490
JP MORGAN CHASE & COMPANY17.93%370 083
INDUSTRIAL AND COMMERCIAL BANK OF CHINA6.05%279 743
BANK OF AMERICA17.65%279 161
WELLS FARGO & COMPANY-1.69%211 863
CHINA CONSTRUCTION BANK CORPORATION12.72%200 723