United Arab Bank UAE has successfully raised AED 1.031 billion through a rights issue (an offer allowing existing shareholders to buy new shares at a discounted price). The rights issue ended on July 29, 2025, and helped increase the bank’s capital from AED 2.06 billion to AED 3.09 billion. The new shares were sold at AED 1 each, and the issue was oversubscribed because many investors showed strong confidence.
The money raised from the rights issue of the UAE bank will help United Arab Bank UAE strengthen its capital. It will also support the bank’s future growth plans. This step matches the bank’s goal to build financial strength and help grow the UAE’s economy. The success of this rights issue UAE bank shows that United Arab Bank UAE is on the right path to improve and create value for its shareholders.
Strong Response Highlights UAE Bank Rights Issue Success
The Chairman, His Highness Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, thanked shareholders for their trust and support. He said this strong response will make the bank’s balance sheet stronger and prepare it for more success. CEO Shirish Bhide said the rights issue of the UAE bank is an important step for the bank’s long-term growth. In the first half of 2025, the bank’s net profit grew by 50% to AED 208 million. During the same period, total income increased by 24% to AED 374 million.
According to the latest banking news UAE, the rights issue was led by First Abu Dhabi Bank, with legal advice from Al Tamimi & Company. The process got approval from the UAE Central Bank, the securities regulator, and the Abu Dhabi Securities Exchange. This capital raise will help United Arab Bank UAE continue growing and contribute to the UAE’s banking sector.
