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- Sohar International, Liva sign RO63mn loan deal
- Abyat joins NBK Rewards Program
- Aamal Company to buy Golden Aamal Tower for QR478.4mn
- Bank Muscat posts net profit of RO125.82mn
- Woqod posts net profit of QR460mn in H1; recommends QR0.48 interim dividend
- 'Dubai First Home': 10% off on property prices - but no discounts on mortgages
- Sohaila Rahman named Alba chief legal officer
- IHC acquires UAE's top private financing platform for SMEs
- Fed on hold - but rate cuts are coming sooner, says expert
- Saudi Arabia Stockpiles Surplus Oil Production to Face Global Crises
13/03/2018 06:12 AST
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 Dh2.063 billion from the earlier capital of Dh1.375 billion. The rights issue will be in the form of 687.5 million newly issued shares, with new shares priced at Dh1 per share.
"The oversubscription of the rights issue reflects the confidence that our shareholders have in the bank and its future endeavours. Our revised business model which is backed by the strong economy in the UAE positions us well to deliver sustainable returns for our shareholders going forward," Shaikh Mohammad Bin Abdullah Al Nuaimi, Acting Chief Executive Officer said in a statement.
Gulf News
13/02/2018
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
Press Release
01/02/2018
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 D
Gulf News
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.50 | -0.30 (-0.08 |
| FAB | 16.72 | 0.02 (0.11 |
| EMIRATESNBD | 25.45 | 1.25 (5.16 |
| ADCB | 15.26 | 1.08 (7.61 |
| ADIB | 22.58 | 0.56 (2.54 |
16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
16/07/2025
Aamal Company has entered into an agreement with Al Jazi Real Estate to purchase the Golden (Aamal) Tower located in Onaiza, for a total price of QR478.4mn.
The purchase price was determined
Gulf Times
16/07/2025
Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the six months ending on June 30.
The bank posted a net profit of RO
Muscat Daily
16/07/2025
Woqod - which has exclusive concession in Qatar to distribute, sell, transport and market refined petroleum products and gas to airports and seaports - has reported net profit of QR460mn, translating
Gulf Times
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