"The United Arabi" The issuance of priority rights to increase his capital is launched"1.03" One billion dirhams
Sharjah, June 3 / WAM / The United Arab Bank, S.A. And sixty -two million five hundred and fifty thousand six hundred and forty dirhams (to 3,093,825,974 dirhams (three billion and ninety -three million eight hundred and twenty -five thousand nine hundred and seventy -four dirhams) by issuing priority rights offered to the current shareholders of the bank.
In addition, the United Arab Bank has published an invitation to its shareholders “Da`wah” to subscribe to the new shares, and a list of common questions related to the issuance of priority rights will be published on the bank’s website www.uab.ae in the near future.
The new shares will be issued at the price of a issuance of 1 dirham for the one new share, “the price of issuance”, and the conditions and details of the launch of the issuance of priority rights were approved during the meeting of the United Arab Bank United Bank that was held in March 2025, after the approval of the bank’s board of directors at its meeting on February 4, 2025, and priority rights were issued with the necessary organizational approvals.
The United Arab Bank intends to use the net revenue from the issuance of priority rights to enhance its capital base and support its future business growth.
Priority rights holders, including the United Arab Bank, and any persons who purchased rights during the period of circulation of rights “qualified persons” are entitled to exercise their rights to subscribe to the new shares at the price of issuance from July 4, 2025 until July 17, 2025. July 2025.
“The issuance of priority rights is an important station in the bank’s march towards its next stage of growth, and it is a basic step in enhancing the capitalist situation of the United Arab Bank. It also embodies our long -term commitment to sustainable growth. The additional capital will contribute to implementing our strategy for growth, enhancing our financial flexibility and achieving a long -term value for our shareholders while continuing to serve the UAE economy and contribute to achieving Its development plans. ”
Abu Dhabi First Bank was appointed as a main director and director of the subscription record regarding the issuance of priority rights. Al -Tamimi office and its participants were appointed as a legal advisor.
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