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FAB board approves a proposed rights issue of up to AED 15 billion.

FAB’s board has approved a proposal to raise up to AED 15 billion ($4.1 billion) by offering more than 1.1 billion new shares at AED 13.52 ($3.70) each. That price is 30% below the bank’s November 10 closing price. FAB says the capital would support deeper client relationships, international expansion, and investment in technology and AI. It also targets annual loan and revenue growth of 10% to 15% from 2026 through 2031. Shareholder and regulatory approvals are still needed; shareholders are due to consider the proposal at a General Assembly on December 7, with completion expected in the first quarter of 2027.

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