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Investors OK NBAD's Far East expansion
- United Arab Emirates: Tuesday, October 09 - 2012 at 16:11
The Abu Dhabi market measure ADX General Index added 0.13% to close at 2,651.48 Tuesday. The sheikhdom's largest lender National Bank of Abu Dhabi or NBAD gained half a percentage point, finishing at Dhs9.56. Earlier in the day, NBAD announced the opening of its branch in Kuala Lumpur, Malaysia. In the next 10 years, NBAD aims to add 30 branches in South East Asian countries. Year-to-date, NBAD shares have gained 30 percent in value.
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Gérard Al-Fil, Financial JournalistTuesday, October 09 - 2012 at 16:11 UAE local time (GMT+4)
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