Africa and Gulf Bank entered into an agreement to acquire FAB Sudan from First Abu Dhabi Bank P.J.S.C. (ADX:FAB) on January 7, 2020. The sale includes the transfer of all the assets, liabilities and employees of FAB Sudan. The transaction will be completed over the coming months. Imtiaz Shah of Hogan Lovells acted as legal advisor to Africa and Gulf Bank. Mike Taylor, Jack Hardman and Deborah Walker of Clifford Chance LLP, Financial Advisory Arm acted as legal advisor to First Abu Dhabi Bank.

Africa and Gulf Bank completed the acquisition of FAB Sudan from First Abu Dhabi Bank P.J.S.C. (ADX:FAB) on December 19, 2021.