8 Hrs
Source:
اقتصاد سكاي نيوز عربية
Source: اقتصاد سكاي نيوز عربية
8 Hrsاقتصاد سكاي نيوز عربية
Source: اقتصاد سكاي نيوز عربية
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The board of First Abu Dhabi Bank has approved a proposal to increase its capital through a rights issue, aiming to raise up to AED 15 billion, subject to shareholder and regulatory approval. The issue is intended to support the bank’s growth in the UAE and its international markets while preserving strong capital and liquidity. Since 2020, its assets have grown by more than 50% to AED 1.4 trillion, net profit has doubled to AED 21.1 billion, and return on tangible equity has risen by 6.2 percentage points to 19.2%.
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