Fabmisr

FABMISR
TypeSubsidiary
IndustryFinancial services
Founded1975
Headquarters
Cairo
,
Egypt
Number of locations
74 (2025)
Area served
Egypt
Key peopleAhmed Issa
(CEO)
RevenueEGP 16.7 billion (2025)
(USD 316 millions)
Total assetsEGP 484 billion (2025)
(USD 9,18 billions)
Number of employees
2377 (2025)
ParentFirst Abu Dhabi Bank
Websitewww.fabmisr.com.eg

FABMISR, is a major Egyptian bank. Subsidiary of First Abu Dhabi Bank. It is the second largest foreign bank operating in Egypt after QNB Egypt.

History

In 1975, The National Bank of Abu Dhabi (NBAD) opened its first overseas branch in Cairo. Focusing heavily on corporate banking.

In April 2017, the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) merged in the UAE to create First Abu Dhabi Bank (FAB). Following this global merger, the Egyptian operations of NBAD were rebranded as FAB Egypt.

In January 2021, FAB signed a final agreement to acquire 100% of the Egyptian subsidiary of Lebanon’s Bank Audi.

In February 2022, FAB offered to buy EFG Hermes, a finance company. In April, the deal was dropped.

In June 2022, Following the legal merger and approval from the Central Bank of Egypt (CBE), the bank officially launched its new brand identity: FABMISR.

In Early 2026, FAB, along with Commercial International Bank, showed interest in acquiring the retail banking division of HSBC Bank Egypt.

See also

References

  1. ↑ "Ahmed Issa joins FAB Misr as CEO". EnterpriseAM Egypt. 2026-02-16.
  2. 1 2 "FABMISR Achieves Net Profit EGP 16.7 Billion by the end of 2025 Initiative". fabmisr.com.eg.
  3. ↑ "First Abu Dhabi Bank acquires Bank Audi Egypt". Arab News. 2021-01-21.
  4. ↑ Diaa, Sarah (2018-11-01). "NBAD, FGB merge, now 'First Abu Dhabi Bank'". Gulf News.
  5. ↑ Mounir, Hossam (2022-06-11). "Legal merger between FAB and Audi – Egypt concludes". Daily News Egypt.
  6. ↑ Allam, Nouran (2022-04-14). "First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes". WAYA.
  7. ↑ "UAE's FAB Rebrands Its Egyptian Arm 'FABMISR' After Merger With Bank Audi". Forbes.
  8. ↑ "CIB says it received the green light to start due diligence on HSBC Egypt's retail franchise". EnterpriseAM Egypt. 2026-02-25.
  9. ↑ "بنك أبوظبي الأول مصر «FAB» يسعى لشراء محفظة الأفراد في بنك «HSBC» مصر" [First Abu Dhabi Bank Egypt (FAB) is seeking to acquire the retail portfolio of HSBC Egypt.] (in Arabic). 2025-10-28.