First Abu Dhabi Bank (FAB)
First Abu Dhabi Bank (FAB) is the sovereign banking powerhouse created from the landmark merger of NBAD and FGB. With unmatched capital reserves and Aa3 ratings, FAB provides institutional-grade corporate and treasury services.
Onboarding Turnaround
20–30 business days
Minimum Balance
100,000 AED
KYC Approval
80%
Setup
In-person
Fee Structure & Tariff Schedule
Account Package Tiers
FAB Business Growth
FreeMid-to-large GCC regional distributors and manufacturing firms
FAB Corporate & Investment Banking
FreeInstitutional entities, infrastructure contractors, and multi-asset holdings
Required Application Documents
Official mandatory documentation suite needed to successfully pass AML/KYC underwriting:
- ✓ Complete constitutional documentation (Trade License, MOA, Share Certificate)
- ✓ Certificate of Good Standing / Incumbency (for entities older than 1 year)
- ✓ Documented Source of Wealth and Source of Funds of primary stakeholders
- ✓ Physical commercial lease contract in UAE (Ejari office or warehouse lease)
- ✓ Detailed corporate business plan with 12-month projected cash flow statements
- ✓ Personal identity verification for all directors, shareholders & signatories
Pros & Limitations
✓ Advantages
- + Top-tier safety and sovereign-backed financial robustness
- + Unmatched standing when bidding for UAE federal government tenders
- + Comprehensive institutional cash management and FX treasury execution
⚠ Limitations
- − Steep minimum deposit thresholds (AED 100k to AED 500k)
- − Exacting AML scrutiny demanding multi-year tax returns and provenance records
- − Unsuitable for micro-startups or virtual flexi-desk operators
The premier choice for large-scale institutional conglomerates, defense/energy contractors, and holding corporations with strong balance sheets.
Open Account with FAB
Our compliance officers will conduct a full preliminary audit before submitting your application to eliminate refusal risks.
Response time: under 3 minutes
Recommended Business Types
- • Government infrastructure suppliers and GCC tender contractors
- • Multinational conglomerates, family offices & SPV holdings
- • Oil, gas, industrial manufacturing, and global maritime logistics
- • Entities licensed in ADGM, Masdar City, and KEZAD Abu Dhabi
Alternative Banks to Consider
Other CBUAE-regulated corporate banking alternatives with similar profiles: