United Arab Bank PJSC (UAB) News - Mubasher Info
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23 July 09:39 AM

United Arab Bank PJSC (UAB)

Last update: 22 July 02:27 PM market time.
1.19
-0.06
-5.00%
Open 1.15
Previous Close 1.20
High 1.20
Low 1.14
Stock Statistics
Volume 1,213,947
Turnover 1,442,916.58
All data are 15 minutes late during market session

News

Photo Archive
28 April 05:18 PM UAB generates AED 102m profits in Q1-25
Abu Dhabi – Mubasher: The United Arab Bank (UAB) recorded net profit valued at AED 102 million in the first quarter (Q1) of 2025, higher by 49% than AED 68 million in Q1-24. The growth in net profit was backed by an improved operating performance …
Financial Results
Photo Archive
9 March 04:32 PM UAB’s general assembly greenlights capital hike
Abu Dhabi – Mubasher: The United Arab Bank (UAB) held its annual general assembly meeting, during which it approved increasing the capital through the issuance of rights shares amounting to AED 1.03 billion. The capital hike aims to strengthen the …
General Assembly
Photo Archive
5 February 12:34 PM UAB’s profits up 18% in 2024; assets hit AED 21.5bn
Abu Dhabi – Mubasher: The United Arab Bank (UAB) achieved net profits after tax amounting to AED 301 million in 2024, up 18% year-on-year (YoY) from AED 255 million, according to the financial results. Total income recorded an annual increase of …
Financial Results
Photo Archive
21 October 2024 01:23 PM UAB records higher profits at AED 212m in 9M-24
Abu Dhabi – Mubasher: The United Arab Bank (UAB) registered AED 212.25 million in net profit during the first nine months (9M) of 2024, compared to AED 209.02 million. Earnings per share (EPS) maintained its value at AED 0.10 in 9M-24, according …
Financial Results
Photo Archive
15 September 2024 03:17 PM Moody’s upgrades UAB’s deposit ratings to ‘Baa3’; outlook positive
Abu Dhabi – Mubasher: Moody's Ratings has upgraded long-term and short-term foreign and local currency deposit ratings of The United Arab Bank (UAB) to ‘Baa3/P-3’ from ‘Ba1/NP’. The rating agency maintained a positive outlook on the bank’s …
Ratings
Photo Archive
25 July 2024 03:38 PM UAB’s H1-24 net profits jump 15%
Abu Dhabi – Mubasher: The United Arab Bank (UAB) posted a net profit after tax amounting to AED 139 million in the first half (H1) of 2024, up 15% from AED 121 million in H1-23. Total income was higher by 10% year-on-year (YoY) at AED 300 million …
Financial Results
Photo Archive
28 April 2024 10:40 AM UAB sees higher net profits in Q1-24; total income up 33%
Abu Dhabi – Mubasher: The United Arab Bank (UAB) logged net profits after tax worth AED 68.24 million during the first quarter (Q1) of 2024, marking an annual rise of 25% from AED 54.75 million. Earnings per share rose to AED 0.03 per share as of …
Financial Results
Photo Archive
27 March 2024 00:58 PM UAB’s net profits exceed AED 255m in 2023
Abu Dhabi – Mubasher: The United Arab Bank (UAB) registered AED 255.30 million in net profit during 2023, higher than AED 154.72 million in 2022. Total interest income and income from Islamic financing products hit AED 921.61 million last year, up …
Financial Results
Photo Archive
25 October 2023 00:42 PM UAB’s net profits leap 76% in 9M-23 initial results
Abu Dhabi – Mubasher: The United Arab Bank (UAB) achieved net profits standing at AED 209.02 million in the first nine months (9M) of 2023, an annual leap of 76% from AED 119.06 million. Total operating income climbed by 27% year-on-year (YoY) to …
Banking and Finance
Photo Archive
25 July 2023 01:55 PM UAB generates AED 120.5m profits in H1-23
Abu Dhabi – Mubasher: The United Arab Bank (UAB) posted 45% year-on-year (YoY) higher net profits at AED 120.52 million during the first half (H1) of 2023, compared to AED 83.27 million. Basic and diluted earnings per share (EPS) increased to AED …
Financial Results
Photo Archive
19 April 2023 02:38 PM UAB sees higher profits in Q1-23; accumulated losses unveiled
Abu Dhabi – Mubasher: The net profits of United Arab Bank (UAB) hiked by 80% to AED 54.75 million in the first quarter (Q1) of 2023 from AED 30.38 million in Q1-22. The lender posted a total operating income amounting to AED 122.70 million in the …
Banking and Finance
Photo Archive
19 February 2023 10:37 AM UAB’s profits leap 120% in 2022; accumulated losses hit AED 493m
Abu Dhabi – Mubasher: United Arab Bank (UAB) witnessed a 120% year-on-year (YoY) jump in net profit to AED 154.72 million in 2022, compared to AED 70.19 million. The total operating income stood at AED 500.78 million in the January-December 2022 …
Financial Results
Photo Archive
9 November 2022 05:29 PM UAB posts AED 119m profits in 9M-22; accumulated losses unveiled
Abu Dhabi – Mubasher: United Arab Bank (UAB) generated AED 119.06 million net profits in the first nine months (9M) of 2022, an annual hike of 166% from AED 44.74 million. The total operating income amounted to AED 350.96 million in …
Banking and Finance
Photo Archive
31 July 2022 00:26 PM UAB posts 209% higher profits in H1-22; accumulated losses announced
Abu Dhabi – Mubasher: United Arab Bank (UAB) has registered net profits worth AED 83.27 million during the first half (H1) of 2022, an annual hike of 209% from AED 26.92 million. Basic and diluted earnings per share (EPS) stood at AED 0.04 in the …
Financial Results
Photo Archive
30 May 2022 03:09 PM UAB appoints new CEO
Abu Dhabi – Mubasher: The United Arab Bank (UAB) has named Shireesh Sudheer Bhide as the bank’s new CEO. Bhide will assume his position on 1 June 2022, according to a bourse disclosure on Monday. It is worth noting that during the first quarter …
Management Decisions
Photo Archive
1 May 2022 10:10 AM UAB's profits hike 198% in Q1-22 unaudited financials
Abu Dhabi – Mubasher: The net profits of United Arab Bank (UAB) skyrocketed by 198% to AED 30.38 million in the first quarter (Q1) of 2022, compared to AED 10.20 million in Q1-21, according to the bank's unaudited interim financials for the …
Banking and Finance
The basic and diluted EPS settled at AED 0.02 in the first nine months of 2021
9 November 2021 01:37 PM UAB achieves profitability in 9M
Abu Dhabi – Mubasher: United Arab Bank (UAB) has reported net profits of AED 44.74 million in the January-September period of 2021, versus net losses of AED 364.911 million in the same period of 2020, according to the bank's unaudited interim …
Banking and Finance
The bank's net interest income decreased by 12%
10 August 2021 04:06 PM UAB turns to profitability in H1-21
Abu Dhabi – Mubasher: United Arab Bank (UAB) achieved net profits of AED 26.9 million during the first half (H1) of 2021, compared to net losses of AED 208.9 million in the same half of 2020. Turning to profitability is attributed to the improved …
Financial Results
Net interest income reached AED 64.134 million
9 May 2021 01:40 PM UAB turns to profitability in Q1-21
Abu Dhabi – Mubasher: United Arab Bank (UAB) reported net profits of AED 10.2 million in the first quarter (Q1) of 2021, against net losses of AED 119.943 million in the same quarter of 2020, according to the bank’s interim financial results for …
Financial Results
The bank has decreased its operating costs by 17% YoY
22 March 2021 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 …
Financial Results
The bank's total assets declined to AED 14.849bn
16 February 2021 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 …
Banking and Finance
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 …
Banking and Finance
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 …
Financial Results
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 …
Financial Results
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 …
General Assembly