Abu Dhabi, UAE: First Abu Dhabi Bank (FAB) will adopt a Monday-to-Friday working week and Saturday-to-Sunday weekend across its UAE operations, effective from Monday 3 January 2022. The move supports the UAE leadership’s ambition to better align the nation’s economy with global markets and enable long-term growth opportunities.
FAB branches will open six days per week, Monday to Saturday, and will be closed on Sunday. The standard working week for FAB offices will be set to five working days, Monday to Friday.
The move to a Monday to Friday working week is a significant step, which further demonstrates the UAE leadership’s commitment to driving economic opportunity and reinforces our position as a centre for international trade and commerce. At FAB, we fully support the UAE leadership’s decision and will fully align our operations. This move will create more streamlined financial, trade, and economic partnerships between the UAE and the rest of the world, as well as facilitating stronger international links, opportunities and cascading benefits that will be felt by both UAE-based businesses and individuals alike.
In deciding on the new working arrangements, FAB has carefully assessed customers’ needs and how best to maintain effective connectivity with the Bank’s international and regional networks to ensure a smooth transition. FAB’s branch and office networks in other GCC markets will continue to follow local timings.
ABOUT FIRST ABU DHABI BANK (FAB)
FAB is the UAE’s largest bank and one of the world’s largest and safest financial institutions. FAB’s vision is to create value for its employees, customers, shareholders and communities to grow stronger through differentiation, agility and innovation.
Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. FAB is a trusted adviser and regional partner to major institutions, emerging companies and individuals seeking to do business in the UAE, the MENA region and beyond. As an engine of growth for the region, it helps customers to thrive and grow stronger by managing risk, providing access to capital and facilitating trade flows across developed and emerging markets.
With total assets of AED 983 Billion (USD 268 Billion) as of September-end 2021, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively - the strongest combined ratings of any bank in the MENA region. The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally. The Banker’s Top 1000 World Banks 2021 rankings, measured by Tier 1 capital, ranked FAB as #1 in the UAE, #3 in the Middle East and #94 across the globe. FAB is also a regional sustainability leader (MSCI ESG rating of AA, ‘Leader’ category), and a constituent of MSCI ESG Leaders and FTSE4Good EM indices.
© Press Release 2021
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