The formal announcement of the merger of the National Bank of Abu Dhabi and First Gulf Bank will be made on 1 April and the trading of shares of the new entity will begin on 2 April. According to the Abu Dhabi Securities Exchange, procedures for the unification of the records of the stakeholders in both banks have been completed and the exchange is pursuing experiments to ensure there are no technical obstacles to the trading. The shareholders of the two banks had endorsed the merger in December 2015 and it was announced it on 3 July 2016. The total assets of the two banks was estimated at Dh665.8 billion by the end of 2016, which was disclosed before the merger. The merger will lead to the creation of the largest banking entity in the Middle East.
