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Adid Signs Debt Settlement Deal With First Abu Dhabi Bank

MT Newswires·10/13/2026 00:08:07
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12:08 AM EDT, 10/13/2026 (MT Newswires) -- Abu Dhabi National Investment and Development (ADX:ADID), or Adid, reached a debt settlement agreement with First Abu Dhabi Bank (ADX:FAB), according to a Monday release. Adid said the deal is part of its efforts to address financial liabilities and settle outstanding debt to improve its financial position and manage liabilities efficiently. The settlement's positive impact will be reflected in Adid's financials for the fourth quarter.