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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
08/08/2025
United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced the successful completion of its capital increase, which ended on July 29, 2025. The Rights Issue raised Dh1,031 bi
Khaleej Times
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.70 | 0.70 (0.17 |
| FAB | 16.90 | 0.06 (0.35 |
| EMIRATESNBD | 25.55 | 0.45 (1.79 |
| ADCB | 15.50 | -0.02 (-0.13 |
| ADIB | 21.96 | 0.34 (1.57 |
27/08/2025
OQ Exploration and Production (OQEP) on Tuesday announced the successful commissioning of the Bisat-C Expansion Facilities in its flagship Block 60 licence. Crude oil officially began flowing to the
Muscat Daily
27/08/2025
AD Ports Group, a global enabler of integrated trade, transport, industry, and logistics solutions, has signed an agreement to develop a digital Single Logistics Trade Window solution for Angola's tr
Trade Arabia
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The DFM-listed dairy company Unikai has removed the 49% ceiling on shareholding allowed to GCC investors. From now on, they are eligible to go all the way up to 100% in Unikai, whose brands have a fa
Gulfnews
27/08/2025
Dubai Investments, a leading investment company listed on the Dubai Financial Market in the UAE, through its wholly owned subsidiary Globalpharma - UAE's leading pharmaceutical manufacturer, has sign
Khaleej Times
26/08/2025
The Port of Salalah, operated and managed by Salalah Port Services Company (SPSC), recorded strong growth in container and cargo volumes during the first half of 2025.
The port's Container
Muscat Daily
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