1 Day
Source:
Sky News
FAB clears AED 15bn raise
The board of First Abu Dhabi Bank has approved a proposal to increase its capital through a rights issue aimed at raising up to AED 15 billion, subject to shareholder and regulatory approvals. The issue is intended to support the bank’s growth in the UAE and its international markets while maintaining strong capital and liquidity. Since 2020, its assets have grown by more than 50% to AED 1.4 trillion, and net profit reached AED 21.1 billion.
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