United Arab Financial institution (UAB), listed on the Abu Dhabi Securities Alternate (ADX) introduced the profitable completion of its capital enhance, which ended on July 29, 2025. The Rights Difficulty raised AED 1,031 billion rising the Financial institution’s issued capital from AED 2,062 billion to AED 3,093 billion. The newly issued shares have been priced at AED 1 per share. All mandatory regulatory approvals have been obtained for this transaction.
The Rights Difficulty was oversubscribed, underscoring UAB’s strong fundamentals and robust efficiency on account of the diligent execution of its turnaround technique. United Arab Financial institution intends to make use of the online proceeds raised from the Rights Difficulty to strengthen its capital base and to help future progress of the enterprise of the Financial institution.
Commenting on the Rights Difficulty success, H.H. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Administrators of United Arab Financial institution, stated: “We’re deeply grateful for the belief and help of our shareholders on this Rights Difficulty. The robust response we’ve acquired will additional strengthen our steadiness sheet, mark a brand new chapter in UAB’s progress, and reaffirm our dedication to delivering worth to our shareholders. As well as, it can improve our monetary resilience, and place us to proceed contributing to the UAE economic system and its sustainable growth agenda.”
He added: “We additionally lengthen our honest appreciation to the Central Financial institution of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Abu Dhabi Securities Alternate (ADX) and all our transaction companions whose help and collaboration have been instrumental in making certain the success of this Rights Difficulty.”
Commenting on the announcement, Shirish Bhide, CEO of United Arab Financial institution, stated: “The success of the Rights Difficulty displays the arrogance that our shareholders have within the Financial institution and our future endeavours. This step represents an vital milestone in strengthening UAB’s capital place and reinforces our long-term dedication to sustainable progress. The extra capital will help the subsequent section of our technique, making certain we’re well-positioned to satisfy evolving regulatory necessities, help our purchasers’ wants, and ship sustainable returns to our shareholders.”
UAB posted a web revenue of AED 208 million for the primary half of 2025, in comparison with AED 139 million for a similar interval final yr, representing a 50% year-on-year enhance. Complete revenue rose by 24% year-on-year to AED 374 million.
First Abu Dhabi Financial institution (FAB) acted as Lead Supervisor and Bookrunner of the Rights Difficulty and Al Tamimi & Co. acted as Authorized Adviser.