A FAB First: UAE Virtual General Assembly Meetings
Abu Dhabi, March 29, 2020: GCF Securities Services facilitated the UAE’s first ever online Virtual General Assembly Meeting (GAM).
This initiative was launched in response to a directive from the Securities & Commodities Authority (SCA) on 15 March 2020 prohibiting physical meetings in response to the COVID-19 outbreak. FAB implemented the new online service within four days of the directive announcement and to date has successfully conducted six virtual GAMs.
This demonstrates FAB’s leadership in UAE Securities Services and reinforces the Bank’s commitment to support the UAE, its clients and the larger community as we continue to respond to the COVID-19 pandemic.