NBAD and FGB have appointed a new investment banking team for the merged entity. Fawaz Abu-Sneineh will head the bank’s debt capital markets, while Samer Hamade will lead its fixed income syndicate and medium term notes division. Chris Baines will lead corporate advisory and equity capital markets, while Urvi Widhani will head its loan agency. All will report to the global head of corporate finance Andy Cairns. 

First Gulf Bank (AD): AED13.00 as of 21 Mar. 2017, Rating: Neutral, TP: AED13.10/share, MCap: USD15,940mn, FGB UH/FGB.AD

Natl. Bank of AD (AD)   : AED10.50 as of 21 Mar. 2017, Rating: Neutral, TP: AED10.40/share, MCap: USD14,906mn, NBAD UH/NBAD.AD