UAE's First Abu Dhabi Bank Acquires Yasira Financial Services

UAE-based First Abu Dhabi Bank (FAB) has acquired 100% of Bahrain-based Yasira Financial Services, a provider of fund administration and trust services, as part of its expansion into integrated securities services across regional and international markets.

The acquisition will combine Yasira's fund administration platform with FAB's existing custody, cash management and foreign exchange services, allowing the bank to offer a wider range of financial services to asset managers and institutional investors.

Yasira specialises in supporting investment funds operating across multiple markets and regulatory jurisdictions, including private equity, venture capital, real estate and publicly traded securities. Its services cover various stages of fund management, from investor commitments and capital calls to financial reporting and distributions.

FAB plans to rename Yasira and integrate its operations into the bank's securities services business. The bank has not disclosed the new brand name, an integration timeline or the value of assets currently administered by Yasira.

The acquisition comes as FAB seeks to address growing demand for integrated financial services, particularly among investment managers operating across multiple jurisdictions. The bank said maintaining continuity for Yasira's existing clients would remain a priority during the transition.

FAB reported a net profit of Dhs 16.46 billion ($4.5 billion) during the first nine months of 2026, alongside operating income of Dhs 29.71 billion ($8.1 billion). As of September 30th, 2026, the bank held approximately Dhs 1.47 trillion ($401 billion) in total assets.