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01/02/2018 06:04 AST
United Arab Bank's board of directors approved increasing the bank's capital by Dh687.5 million through a rights issue, with new shares priced at Dh1 per share.
In a statement to the Abu Dhabi bourse on Wednesday, the bank said the rights issue would increase capital to Dh1.37 billion, thereby doubling it from the current Dh687.5 million. The increase is within the authorised capital limit of Dh2.75 billion.
The bank's board proposed increasing its capital during a meeting in November 2017.
Gulf News
13/03/2018
United Arab Bank (UAB) said on Monday its rights issue was subscribed 124 per cent, recieving Dh850 million of subscriptions.
The bank plans to increase its capital by Dh687.5 million to D
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UAB reported a Net Profit of AED17 million in 2017 as the successful execution of its Transformation Strategy paved the way for a return to profitability. Notably, 2017 was the final year of transiti
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16/01/2018
United Arab Bank said its general assembly authorised the board of directors to increase the issued capital of the Bank.
The shareholders approved the increase in the issued capital of the B
Gulf News
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