Aldar Estates to acquire FAB Properties from First Abu Dhabi Bank.

Aldar Estates, the property and facilities management company, agreed to acquire FAB Properties, a UAE-based provider of property management services, from First Abu Dhabi Bank, UAE's largest bank. Financial terms were not disclosed. “We are pleased to be working with a market-leading real estate services provider in this strategic agreement. Through this transaction and future collaborations with Aldar Estates, FAB will further enhance the property services offering available to our clients, while creating new opportunities to support their growth. We believe this partnership adds significant value and provides best-in-class, comprehensive services in the property sector,” Hana Al Rostamani, FAB Group CEO.