United Arab Financial institution (UAB), listed on the Abu Dhabi Securities Change (ADX) introduced the profitable completion of its capital enhance, which ended on July 29, 2025. The Rights Situation raised AED 1,031 billion growing the Financial institution’s issued capital from AED 2,062 billion to AED 3,093 billion. The newly issued shares had been priced at AED 1 per share. All vital regulatory approvals have been obtained for this transaction.
The Rights Situation was oversubscribed, underscoring UAB’s sturdy fundamentals and powerful 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 Situation to strengthen its capital base and to help future development of the enterprise of the Financial institution.
Commenting on the Rights Situation success, H.H. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Administrators of United Arab Financial institution, mentioned: “We’re deeply grateful for the belief and help of our shareholders on this Rights Situation. The robust response now we have 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 is going to improve our monetary resilience, and place us to proceed contributing to the UAE financial system and its sustainable growth agenda.”
He added: “We additionally prolong our honest appreciation to the Central Financial institution of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Abu Dhabi Securities Change (ADX) and all our transaction companions whose help and collaboration had been instrumental in making certain the success of this Rights Situation.”
Commenting on the announcement, Shirish Bhide, CEO of United Arab Financial institution, mentioned: “The success of the Rights Situation 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 development. The extra capital will help the subsequent section of our technique, making certain we’re well-positioned to fulfill 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 Situation and Al Tamimi & Co. acted as Authorized Adviser.
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