Global marketsUpdated November 9

First Abu Dhabi Bank weighs a multibillion-dollar rights issue.

First Abu Dhabi Bank’s possible multibillion-dollar raise has a clear purpose: supporting its expansion plans in the UAE. But the discussions are still preliminary. Bloomberg, citing people familiar with the matter, reports that the bank’s executives have discussed raising billions of dollars through a rights issue that could rank among the biggest of its kind in recent years. Asharq Business, reporting with Bloomberg, says the talks are with Wall Street banks.

2 publishers2 reports

Coverage started November 9