The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an update on a joint meeting between its Chair, Madina Abylkasymova, the Chair of the National Bank of Kazakhstan, Timur Suleimenov, and a delegation from First Abu Dhabi Bank (FAB). Discussions focused on expanding investment partnership and cooperation to develop Islamic finance, with the parties agreeing to further strengthen cooperation to broaden prospects for Kazakhstan’s financial sector development. FAB was formed in 2017 through the merger of the National Bank of Abu Dhabi and First Gulf Bank. The bank reported total assets of USD 356bn, an “AA-” rating, and market capitalisation of USD 34.7bn, and it provides corporate, investment and retail banking services globally.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-17
Kazakhstan’s Agency for Regulation and Development of the Financial Market holds talks with First Abu Dhabi Bank on investment partnership and Islamic finance cooperation
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of Kazakhstan held a joint meeting with First Abu Dhabi Bank (FAB) to discuss expanding investment partnerships and developing Islamic finance. The parties agreed to enhance cooperation to advance Kazakhstan’s financial sector. FAB, formed in 2017, has total assets of USD 356bn and a market capitalisation of USD 34.7bn.