First Abu Dhabi Bank shares jumped during trading today, Tuesday, recording the highest price since January 2023.
During today's trading, by 1:47 pm UAE time, the stock rose by 3.59 percent, reaching the price of 15 dirhams.
According to market data, the stock witnessed transactions of 6.103 million shares worth 91.892 million dirhams, distributed over 717 transactions.
It is noteworthy that, last December, the Brazilian food products company Brazil Foods S.A. obtained a sustainability loan worth $150 million from First Abu Dhabi Bank.
The company said, in a statement, that this is its first green loan that it will use in the Middle East and North Africa, adding that the credit line will help it expand its business in the region.
It is noteworthy that, early last December, First Abu Dhabi Bank signed a memorandum of understanding with the French multinational energy company Engie to develop joint capabilities in financial solutions for decarbonization, confirming its commitment to the transition to clean energy.
The memorandum, which was signed during the COP28 conference, sets out the frameworks for cooperation between the bank and the company in many areas related to decarbonization and the transition to the use of sustainable energy resources.
