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United Arab Bank PJSC (UAB)

Last update: 11 April 11:47 AM market time.
0.00
-0.06
-6.21%
Open 0.83
Previous Close 0.89
High 0.83
Low 0.83
Stock Statistics
Volume 9,783
Turnover 8,119.89
All data are 15 minutes late during market session

News

The bank has decreased its operating costs by 17% YoY
22 March 10:43 AM UAB incurs AED 667m accumulated losses
Abu Dhabi – Mubasher: United Arab Bank (UAB) has logged accumulated losses of AED 667.257 million as at the end of 2020, accounting for 32% of the capital. The accumulated losses are attributed to the bank's exposure to NMC and associated …
The bank's total assets declined to AED 14.849bn
16 February 11:07 AM UAB's net losses deepen in 2020
Abu Dhabi – Mubasher: The interim financial statements of United Arab Bank (UAB) showed a rise in net losses to AED 667.295 million in 2020, compared to AED 470.753 million in 2019. The bank's revenues decreased to AED 402.863 million in 2020 from …
The basic and diluted loss per share settled at AED 0.18
10 November 2020 04:02 PM UAB's net losses deepen in 9M
Abu Dhabi – Mubasher: The financial statements of United Arab Bank (UAB) registered AED 364.91 million net losses in the first nine months of 2020, up from AED 63.02 million in the year-ago period. The bank's net interest income and income from …
The bank has taken several measures to address the accumulated losses
9 September 2020 03:09 PM UAB incurs AED 208,926 accumulated losses
Abu Dhabi – Mubasher: United Arab Bank (UAB) has logged accumulated losses of AED 208,926 as at the first half (H1) of 2020, representing 10.1% of the bank's capital. The accumulated losses were driven by several actions taken in 2019 to address …
The bank's total assets reached AED 16.709bn
28 July 2020 09:36 AM UAB logs AED 209m net losses in H1-20
Abu Dhabi – Mubasher: United Arab Bank (UAB) incurred net losses of AED 208.9 million during the first half (H1) of 2020, against AED 35.7 million net profits in the year-ago period. The lender's net interest income decreased to AED 163.4 million …
The shareholders have also approved to offset all the accumulated losses
15 April 2020 09:54 AM UAB's shareholders raise foreign ownership to 40%
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of United Arab Bank (UAB) has approved raising the foreign ownership limit to 40%, setting the national ownership not to fall below 60% of the capital at any time. During the …
UAB posted a loss per share of AED 0.23 in 2019
13 February 2020 01:56 PM UAB reports AED 471m net losses in 2019
Abu Dhabi – Mubasher: United Arab Bank (UAB) has incurred a net loss amounting to AED 470.753 million in 2019, versus a net profit of AED 77.227 million in 2018, according to the bank’s preliminary financial statements for 2019. The bank’s …
Accumulated loss accounted for 23.8% of capital
19 November 2019 06:11 PM UAB’s accumulated loss hits AED 490m in September
Abu Dhabi – Mubasher: United Arab Bank’s (UAB) accumulated loss reached AED 490 million ($133.41 million) at the end of September 2019. The bank’s accumulated loss accounted for 23.8% of its capital, according to a bourse statement released on …
Operating profit increased by 12% during the third quarter of 2019
17 November 2019 09:32 AM United Arab Bank records AED 63m loss in 9M
Abu Dhabi – Mubasher: The United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX), reported an AED 63 million net loss during the nine months period ended 30 September 2019, versus a net profit of AED 104.8 million a year …
United Arab Bank and Finastra's officials at Finastra Universe Dubai 2019
14 November 2019 05:56 PM United Arab Bank inks deal with UK’s Finastra on digital transformation
Abu Dhabi – Mubasher: The United Arab Bank, listed on the Abu Dhabi Securities Exchange (ADX), has teamed up with the UK Finastra with the signing of a transformative deal that covers offering services to retail and corporate customers. Finastra’s …
UAB to provide the UAE nationals with housing finance solutions under the MBRHE’s Al Yusr programme
29 August 2019 01:34 PM UAB, MBRHE ink MoU on housing finance solutions to UAE nationals
Abu Dhabi – Mubasher: The United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX), announced it has signed a memorandum of understanding (MoU) with the Mohammed Bin Rashid Housing Establishment (MBRHE). Under the MoU, the UAB …
UAB reported a 6% year-on-year growth in interest income for H1-19
30 July 2019 04:24 PM UAB logs AED 36m net profit in H1
Abu Dhabi – Mubasher: United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (UAB), on Tuesday announced it has achieved a net profit of AED 36 million in the first half of 2019. UAB also reported a 6% year-on-year growth in interest …
The facility proceeds will be used for corporate purposes
27 June 2019 10:08 AM UAB concludes $195m syndicated loan facility
Abu Dhabi – Mubasher: United Arab Bank (UAB), listed on the Abu Dhabi Securities (ADX), announced it has closed a $195 million two-year syndicated term loan facility. The loan facility agreement was signed on 19 June 2019, UAB added in a bourse …
The agency has also confirmed UAB’s viability rating (VR) at 'b+'
18 June 2019 03:17 PM Fitch affirms United Arab Bank's long-term IDR at 'BBB+'
Abu Dhabi – Mubasher: The American credit rating agency Fitch Ratings has affirmed United Arab Bank’s (UAB) long-term issuer default rating (IDR) at 'BBB+' with a stable outlook. The agency has also confirmed UAB’s viability rating (VR) at 'b+', …
Most of the ADX-listed banks posted solid profits for Q1
21 May 2019 11:37 AM Abu Dhabi banks report robust profits in Q1 - Analysis
By: Mahmoud Gamal Abu Dhabi – Mubasher: Most of the banks listed on the Abu Dhabi Securities Exchange (ADX) have posted solid profits for the three-month period ended 31 March 2019. Profits of the lenders operating in the oil-rich emirate were …
The move comes along with MBRHE’s Al-Usr initiative
2 May 2019 02:15 PM Mohammed Bin Rashid Housing inks MoU with UAB
UAE – Mubasher: Mohammed Bin Rashid Housing Establishment (MBRHE) has signed a memorandum of understanding (MoU) with United Arab Bank (UAB) to finance the housing of citizens, state-run news agency WAM reported on Thursday. The deal was signed by …
The board has determined a maximum amount of $1 billion for issuances
26 March 2019 01:21 PM UAB’s board nods to launch debt progammes
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Tuesday announced that its board of directors has approved launching one or more debt programmes for the issuance of bonds: medium-term notes, commercial papers, and certificates of deposit CDs. The …
The decision will be effective from 10 March
4 March 2019 00:11 PM UAB names new CEO
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Monday announced that it has appointed Ahmad Mohammad Abu Eideh as new CEO. The decision will be effective from 10 March, according to the lender’s filing to the Abu Dhabi Securities Exchange (ADX). …
United Arab Bank (UAB)
13 February 2019 03:55 PM UAB’s profits surge 345% in 2018
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Wednesday reported a profit surge of 345.3% year-on-year in 2018. The Abu Dhabi-listed bank logged AED 77.23 million ($21.03 million) in profits in the 12-month period ended 31 December 2018 versus …
No merger plans in horizon - UAB, Invest Bank
30 September 2018 11:44 AM No merger plans in horizon - UAB, Invest Bank
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Sunday denied news that it was planning to merge with Invest Bank and Bank of Sharjah. The bank is committed to all transparency and disclosure standards, UAB said in a statement to the Abu Dhabi …
Photo Archive
9 August 2018 11:38 PM Moody’s downgrades UAB ratings
Mubasher: Moody's Investors Service has downgraded the rating of United Arab Bank (UAB) to Baa3/P-3 from Baa2/P-2. This follows the one-notch downgrade of the bank's baseline credit assessment (BCA) and adjusted BCA to ba2 from ba1. Moody's also …
UAB's facilities were initially launched at $150 million
5 August 2018 01:38 PM UAB secures $185m 2-yr syndicated loan
Abu Dhabi – Mubasher: United Arab Bank (UAB) has announced securing an $185 million two-year syndicated loan to be utilised for general corporate purposes and the refinancing of a present syndicated facility. The new loan includes a conventional …
UAB’s net profit added 46% to AED 81 million
19 July 2018 05:23 PM UAB posts 65% YoY growth in Q2 net profit
Abu Dhabi – Mubasher: United Arab Bank (UAB) reported a 65% year-on-year increase in net profit during the second quarter of 2018, recording AED 45.1 million. UAB's net profit added 46% to AED 81 million in the first six months of 2018 compared to …
UAB’s profits reached AED 35.9 million in Q1-18
25 April 2018 10:16 AM UAB sees AED 35.9 profits in Q1
Abu Dhabi – Mubasher: United Arab Bank (UAB) on Wednesday stated that its profits levelled up 29%year-on-year in the first quarter of 2018. UAB’s profits rose to AED 35.9 million ($9.7 million) in Q1-18, compared to AED 27.8 million ($7.56 …
The OGM also approved the issuance of bonds on a standalone basis
10 April 2018 11:30 AM UAB shareholders nod to $1bn debt programmes, no dividends for 2017
Abu Dhabi – Mubasher: United Arab Bank’s (UAB) ordinary general meeting (OGM) has approved the launch of one or two debt programmes to issue bonds worth up to $1 billion (AED 3.67 billion) as a private placement or public offering listed on the …