FAB plans Dh15 billion rights issue at 30% discount to fund growth
Dubai: First Abu Dhabi Bank (FAB) plans to raise up to Dh15 billion through a rights issue priced at a 30% discount to its latest closing share price, as the UAE's largest bank by assets seeks additional capital to expand lending and investment across its domestic and international markets. The bank's board approved the proposed issue of approximately 1.11 billion new shares at Dh13.52 each,…
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