FAB Starts 2PointZero at Buy With 3.30-Dirham Target, Seeing 46% Upside
Updated
Updated · Bloomberg · Jun 19
FAB Starts 2PointZero at Buy With 3.30-Dirham Target, Seeing 46% Upside
1 articles · Updated · Bloomberg · Jun 19
Summary
3.30 dirhams is First Abu Dhabi Bank’s debut price target for 2PointZero PJSC, implying 46% upside from the stock’s 2.26-dirham last close.
FAB initiated coverage with a buy rating, saying the $21 billion Abu Dhabi holding company benefits from strong institutional support, disciplined capital allocation and AI-led digital integration.
The note offers rare public insight into one of the emirate’s largest listed investment groups, which is also among Abu Dhabi’s newest corporate heavyweights.