The National · 25 minutes ago

FAB to raise $4.08bn to boost next phase of growth strategy

11 Nov 2026 · Cairo time

First Abu Dhabi Bank plans to raise Dh15 billion ($4.08 billion) through a rights issue as it prepares for "the next phase" of its growth strategy across the UAE and its global portfolio.The UAE's biggest bank will be offering 1,109,467,456 new shares, with each to be offered at Dh13.52, a 30 per cent discount on its closing share price on Tuesday, the UAE's biggest bank said in a statement on Wednesday.Mubadala Investment Company, FAB’s largest…

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