National Bank of Abu Dhabi (NBAD) said on Monday its shareholders will meet at the its annual general assembly on February 28.
On the agenda for discussion is a “special decision” on increasing the size of its euro medium term note programme to US$15 billion from the existing level of $7.5 billion.
The statement did not detail the reason for the increase or how the programme would fit into NBAD's planned merger with FGB. The two banks are due to combine as a single entity from April 1.
FGB said last week it would also hold its general assembly on the 28th of this month.
business@thenational.ae
* With Reuters
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