FAB surrenders its license to market non-Omani securities in the sultanate

Abu Dhabi, United Arab Emirates, June 10, 2018

First Abu Dhabi Bank (FAB) has received approval from Oman’s Capital Market Authority on its request to surrender its license to market non-Omani securities in Oman.

This is in line with FAB’s on-going review of its business strategy across the group and international focus on corporate and investment banking, FAB said in a press statement.

FAB continues to operate and service its customers in the sultanate and reaffirms its long-term commitment to supporting Oman’s economy. The bank thanked the Capital Market Authority of the sultanate for its support and continued partnership.

muscatdaily