First Abu Dhabi Bank Completes Acquisition of Yasira Financial Services
First Abu Dhabi Bank has announced the full acquisition of Yasira Financial Services to expand its integrated securities and investment management capabilities.
First Abu Dhabi Bank announced on Monday the full acquisition of Yasira Financial Services, a strategic move aimed at enhancing the bank's integrated securities services ecosystem.
The deal includes a Bahrain-based platform specialized in investment fund management and custody services, enabling the bank to provide comprehensive solutions for investors in both public and private markets.
The acquired company will be integrated into the bank's securities services platform, with plans to rebrand the entity to broaden the scope of financial services offered across the region.
A bank official stated that this acquisition is intended to solidify the institution's position in delivering advanced financial solutions, noting that these new capabilities will complement the bank's existing asset custody services.