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

4-Traders Homepage  >  Equities  >  ABU DHABI SECURITIES MARKET  >  First Abu Dhabi Bank PJSC    FAB   AEN000101016

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

First Abu Dhabi Bank : ADX weight hits 37%

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/23/2017 | 11:56pm CEST

Abu Dhabi – Mubasher: Equity weight of First Abu Dhabi Bank (FAB) represents around 37% of the Abu Dhabi Securities Exchange's (ADX) total equity weight by the end of May.

The bank, which is listed under the symbol NBAD, also weighs around 0.65% of the MSCI Emerging Market Index and around 1.02% on the Bloomberg GCC Index, Emirates News Agency (WAM) reported, citing FAB data presented to senior investors.

This equity weight update follows the merger between the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) in April this year to form the UAE's largest Islamic bank and the region's largest banking entity.

"As per ADX rules and regulations, the index value is calculated based on the free-float shares being traded, i.e. the equity weight of every listed company depends on the number of equities available for trading only, excluding other restricted shares held by government departments or company insiders during their trading ban period," WAM explained

Free-float shares are important to potential investors as they offer information and insight into the company's stock volatility.

FAB tops UAE banks in terms of the number of free-float shares, which are estimated at roughly 7.3 billion equities, WAM said, noting that this figure "explains the increased liquidity available over the past two months."

Company stocks with a small free float are often more volatile than their larger counterparts owing to their limited number of shares that can be traded, whereas larger companies with bigger free floats tend to be less volatile.

ADX statistics show that AED 1.5 billion in transactions were executed over NBAD's share during April and May, or right after the merger was completed.

Source : Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2017 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
06/23 FIRST ABU DHABI BANK : ADX weight hits 37%
06/22 FIRST ABU DHABI BANK : NBAD's equity weight hits 37 percent at ADX
06/21 FIRST ABU DHABI BANK : Air india hires uae banks for aircraft purchase loan
06/19 FIRST ABU DHABI BANK : ADNIC sets convertible bonds maturity date
06/15 Senaat considers plans for $1bn IPO – Agency
06/12 FIRST ABU DHABI BANK : UAE banks return to lending
06/11 ADX adds at Sunday’s openon banks, energy, telecom
06/08 ADX sees gains at Thursday’s open
06/07 FIRST ABU DHABI BANK : Processing of loan
06/07 ALIZZ ISLAMIC BANK : -United Finance tie-up can boost banking in Oman
More news
Sector news : Banks - NEC
12:22a Banks' blockchain consortium picks IBM for trade finance platform
06/26DJASTRAZENECA : ADRs End Mostly Higher
06/26 BANKIA : Spain's Bankia and BMN boards meet to discuss merger - sources
06/26 BARCLAYS : Time Inc, Barclays to launch Fortune 500 stock indices
06/26 BANCA INTERMOBILIARE DI INVEST E GES : Italy's BIM head confident the unit can b..
More sector news : Banks - NEC
Advertisement
Financials ( AED)
Sales 2017 19 208 M
EBIT 2017 15 190 M
Net income 2017 11 325 M
Debt 2017 -
Yield 2017 4,48%
P/E ratio 2017 10,29
P/E ratio 2018 9,24
Capi. / Sales 2017 5,96x
Capi. / Sales 2018 5,26x
Capitalization 114 424 M
More Financials
Chart FIRST ABU DHABI BANK PJSC
Duration : Period :
First Abu Dhabi Bank PJSC Technical Analysis Chart | FAB | AEN000101016 | 4-Traders
Full-screen chart
Technical analysis trends FIRST ABU DHABI B...
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 11,3  AED
Spread / Average Target 8,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Abdulhamid Mohammad Saeed Chief Executive Officer
Tahnoun bin Zayed bin Sultan Al-Nahyan Chairman
Khalaf Sultan bin Rashed Al-Dhaheri Group Chief Operating Officer
James Burdett Group Chief Financial Officer
Nasser Ahmed Khalifa Al-Sowaidi Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FIRST ABU DHABI BANK P..5.11%31 157
JP MORGAN CHASE & COMP..0.66%308 597
WELLS FARGO-4.83%262 109
INDUSTRIAL AND COMMRCL..16.55%260 628
BANK OF AMERICA3.26%227 102
CHINA CONSTRUCTION BAN..16.18%212 644
More Results