First Abu Dhabi Bank (FAB) has acquired 100% of Yasira Financial Services, a Bahrain-based provider of fund administration and trust services, for an undisclosed sum.
The acquisition expands FAB’s integrated securities services offering. It combines Yasira’s fund administration platform and specialist expertise with FAB’s regional custody capabilities.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Yasira supports investment strategies across public assets, private equity, venture capital, and real estate.
Its platform operates across multiple entities, structures, and jurisdictions.For private-market funds, Yasira provides services throughout the fund lifecycle.
These include investor commitments, capital calls, allocations, financial reporting, and final distributions.The platform will complement FAB’s existing custody services for public-market assets.
Regional and international investment managers will be able to access a wider range of services through a single Securities Services platform. The transaction strengthens FAB’s MENASSA securities services offering.
It brings together Yasira’s fund administration capabilities with FAB’s regional and global custody, cash management, and foreign-exchange services.
FAB will rebrand the acquired business and integrate it into its wider securities services franchise.
FAB Investment Banking & Markets group head Pantelis Lekkas said: “This acquisition is an important step in strengthening FAB’s Securities Services franchise and reinforces our commitment to delivering comprehensive, high-quality solutions that respond to the evolving needs of Middle East based clients.
“Our priority will be to ensure continuity for Yasira’s clients while investing in the platform, talent and capabilities needed to support their growth.”
Recently, First Abu Dhabi Bank (FAB) operationalised a key component of its institutional digital asset financing infrastructure by completing a two-way portfolio transfer through regulated custodian Komainu.
