The U.A.E.’s largest bank, FAB was created by a merger between the First Gulf Bank and the National Bank of Abu Dhabi in 2016. Today, it has operations in 19 markets across five continents with three million customers and 6,600 employees globally. In 2021, FAB acquired Bank Audi’s unit in Egypt. It was seeking to control a majority stake in Egyptian-based financial services institution EFG Hermes Holding before withdrawing the offer in April 2022, citing global market uncertainty and volatile macro-economic conditions.