First Abu Dhabi Bank is focused on achieving its business growth strategy, while continuing its efforts to achieve good returns for its shareholders.
A spokesman said First Abu Dhabi Bank, In disclosure On the site Abu Dhabi Securities Market Today, Thursday, that recent reports indicating that First Abu Dhabi Bank is considering the possibility of acquiring a stake in Yes Bank Ltd are incorrect.
He added: “The Bank categorically confirms that it is not considering any potential offer to acquire a stake in Yes Bank. As previously confirmed in a statement issued on May 21, 2024, the Bank is currently focusing on achieving its business growth strategy, in addition to continuing its efforts to achieve good returns for its shareholders, noting that we will notify all concerned parties of any development in accordance with regulatory requirements.”
