United Arab Bank's rights issue successfully subscribed by 124%

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

News

UAB well-positioned as UAE banking sector shows resilience, says Chairman

01/05/2026

The UAE's banking sector continues to demonstrate strong resilience and global competitiveness, underpinned by robust regulation, ample liquidity and a diversified economic base, according to Sheikh

Gulfnews

UAB successfully concludes Dh1 billion, 2-year loan facility

25/12/2025

United Arab Bank on Wednesday announced the successful conclusion of its Dh1.0 billion, 2-year senior unsecured dual tranche term Loan facility.

The dual tranche borrowing comprises a Conven

Khaleej Times

United Arab Bank successfully raises Dh1.03 billion through rights issue

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

Most Viewed Companies

Ticker Price Volume

Valuation

UAB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 386.00 1.00 (0.25%)
FAB 18.04 -0.14 (-0.78%)
EMIRATESNBD 30.82 -0.76 (-2.41%)
ADCB 15.16 0.14 (0.93%)
ADIB 21.52 -0.32 (-1.47%)

Recent News

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

Burjeel launches $1.5bn senior unsecured sukuk programme

24/06/2026

Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC listed on the Abu Dhabi Securities Exchange, today (June 23) announced that it has received first-time corporate cr

Trade Arabia

Qatari group GWC seals partnership with Meydan Free Zone

24/06/2026

Gulf Warehousing Company, one of the region's leading logistics groups providing cross-border and integrated logistics solutions, and Meydan Management Services (Meydan Free Zone) have entered into a

Trade Arabia

AD Ports Group launches AI-powered intelligence headquarters

24/06/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions based in Abu Dhabi, has announced the launch of its AI-driven business intelligence headquarters IHQ, a Group-wide

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap