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July 3 2016 , saw the boards of both First Gulf Bank ( FGB ) and the National Bank of Abu Dhabi ( NBAD ) vote unanimously to merge the two banks . The merger transaction was approved by both organisations ’ shareholders on December 7 2016 , with the new entity changing its name to First Abu Dhabi Bank ( FAB ) in May 2017 . “ The launch of our new brand marks the culmination of the historic merger between National Bank of Abu Dhabi ( NBAD ) and FGB , and reflects the successful union of these two renowned institutions . FAB represents the genesis of a story , built upon our sturdy Abu Dhabi roots and is set to spark a movement dedicated to helping everyone we interact with , to grow stronger . This is an exciting milestone , as we establish a new identity which draws on past achievements , whilst symbolising our vision for the future ,” commented His Highness Sheikh Tahnoon Bin Zayed Al Nahyan , Chairman of FAB . businesschief . eu