United Arab Bank net profit up by 50% for H1 2025
The increase in net profit reflects significant growth in total assets—up 11% from December 2024—and the Bank's disciplined approach to risk management. UAB's balance sheet was further strengthened through a continued focus on asset quality and capital resilience.
These results underscore the Bank's solid momentum and strategic readiness for future growth.
Sheikh Mohammed Bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of United Arab Bank, said: 'The Bank's exceptional financial performance in the first half of 2025 underscores the effectiveness of our strategic vision and the strength of our governance framework.
Looking ahead, we are unwavering in our commitment to advancing the UAE's economic agenda while creating enduring value for all stakeholders. We will continue to lead with discipline, resilience, and an uncompromising focus on innovation, digital transformation, and operational excellence.'
Shirish Bhide, Chief Executive Officer of United Arab Bank, said: 'Our first-half results reflect robust operational performance and the growing impact of our transformation agenda. The strong growth in profitability and total assets highlights the success of our strategic execution and our unwavering focus on customer value, efficiency, and prudent risk-taking.'
He added: 'As we move forward, we will continue to scale our digital capabilities, introduce innovative products, and further strengthen our control environment—while keeping the customer at the center of everything we do.'
United Arab Bank is in the process of enhancing its capital by up to Dhs 1.03 billion through a Rights Issue offered to existing shareholders. This capital injection will increase the total share capital by up to Dhs 3.09 billion, subject to completion of the process and necessary regulatory approvals, strengthening the Bank's capital adequacy and enhance its resilience to any adverse macro-financial shocks, while enabling future asset growth towards achieving its strategic and financial goals.
WAM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
an hour ago
- Al Etihad
Under the patronage of Hamdan bin Zayed, Abu Dhabi to host largest edition of Abu Dhabi International Hunting and Equestrian Exhibition
4 Aug 2025 11:20 ABU DHABI (ALETIHAD)ADNEC Group is continuing its preparations to host the 22nd edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX), set to be the largest and most extensive in the event's under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers Club, the event will take place from August 30 to September 7, 2025, at ADNEC Centre Abu by ADNEC Group in collaboration with the Emirates Falconers Club, ADIHEX is a leading platform dedicated to celebrating the UAE's deep-rooted hunting and equestrian the largest event of its kind in the Middle East and North Africa, it represents more than two decades of rich cultural heritage and authentic the success of the 2024 edition, which attracted more than 350,000 visitors and over 1,700 companies and brands, the upcoming edition is expected to see record growth across all key performance Ali Al Mansouri, Secretary General of the Emirates Falconers Club, said: 'ADIHEX has become the UAE's foremost platform for celebrating and preserving Emirati and Arab cultural heritage. Thanks to the continued support of our wise leadership, this significant event not only preserves our cherished traditions but also ensures they are passed on to future generations."The 2025 edition will further cement Abu Dhabi's status as a leader in hunting, equestrianism, and falconry, serving as a bridge between the legacy of the past and the aspirations of the future.'Al Mansouri also expressed his deep gratitude and appreciation to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and to His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers Club, and patron of ADIHEX, for their unwavering support of initiatives dedicated to preserving falconry and Emirati heritage, as well as for promoting cultural cooperation among all emphasised that this approach reflects the enduring legacy of the late Sheikh Zayed bin Sultan Al Nahyan, whose love and pride for this rich heritage lives on in the hearts of the people of the Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, said: 'ADNEC Group continues its preparations to deliver an exceptional edition of ADIHEX, in collaboration with the Emirates Falconers Club and all strategic partners from both government and private sectors. Our goal is to ensure the event's success and present it in a manner befitting its international reputation and standing in these vital sectors.' Al Dhaheri added that the upcoming edition will feature numerous new activities including, for the first time, multi-stage falcon auctions before and during the exhibition. The first auction will be held on August 16–17 and August 23-24 at ADNEC Abu Dhabi, followed by the second auction on August 30-31 and September 6-7. He said the team has conducted extensive promotional tours at major regional and international industry events in recent months to attract leading companies and reinforce the exhibition's global status. He also highlighted the exhibition's significant role in supporting national industries in these vital sectors, as well as its contribution to supporting local handicrafts and SMEs by opening new markets regionally and exhibition serves as a vital platform for establishing partnerships and exploring cooperation opportunities between local and global companies, in addition to showcasing the latest technologies and equipment in hunting and equestrian sectors. Emirati Heritage The 2025 edition of ADIHEX promises to excel across all performance indicators, bringing together leading local and international brands through its partnership with the Emirates Falconers Club. The event will provide a truly unique experience showcasing the depth and authenticity of Emirati culture alongside its global appeal, while also adhering to sustainability standards in both hunting and falcon auctions will be organised in two phases: the first phase will take place in person, with online bidding available for a selection of top falcons. The second phase will feature live auctions open to participants from the UAE and abroad. These activities are designed to offer a comprehensive experience that blends authenticity and modernity, ensuring full transparency through a dedicated electronic auction 21st edition, organised in 2024 by ADNEC in collaboration with the Emirates Falconers Club, saw the exhibition space increase more than fourteenfold compared to its inaugural year in 2003. The number of exhibiting companies grew 43 times, reaching 1,742 companies and brands, while the number of participating countries quadrupled to 65 in 2024, up from 14 in the first edition. What To Expect The 2025 exhibition will offer visitors a unique opportunity to enjoy live cultural and historical performances that tell the stories of the region's rich heritage. Visitors will also discover the latest technologies and products in various fields, including equestrianism, falconry, hunting and shooting, camping and safari, fishing and marine sports, as well as arts, crafts, and outdoor its growing ability to attract enthusiasts, exhibitors, experts, and hunting lovers worldwide, the 2025 edition of ADIHEX promises to be the most diverse and engaging experience yet. From falconry and equestrian shows to interactive workshops, the exhibition aims to highlight the link between deep-rooted traditions and innovation, a hallmark of Abu Dhabi's unique cultural and heritage Group remains committed to further elevating the exhibition's status, not only as an international business platform, but also as a cultural and humanitarian forum for heritage lovers, practitioners of hunting and equestrian sports, and producers of traditional equipment and products from around the world. With its diverse array of new activities, the event will continue to serve as a global hub for cultural exchange and a shining beacon of Emirati heritage, upholding the UAE's legacy of excellence and innovation on the world stage. Al Ain Edition Additionally, ADNEC Group has announced the launch of the inaugural Al Ain International Hunting and Equestrian Exhibition 2025, which will take place from November 26–30, 2025, at ADNEC Al Ain. As an extension of ADIHEX and organised by ADNEC Abu Dhabi, this new event will span more than 12,000 square metres, showcasing the latest innovations, equipment, and technologies in these specialised sectors. Source: Aletihad - Abu Dhabi
Hi Dubai
an hour ago
- Hi Dubai
Mohammed bin Rashid Boards Etihad Rail for Dubai–Fujairah Journey Ahead of 2026 Passenger Launch
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, boarded the Etihad Rail passenger train for a journey between Dubai and Fujairah, marking a historic milestone in the lead-up to the network's commercial passenger launch in 2026. This significant journey reflects Sheikh Mohammed's commitment to overseeing strategic national infrastructure projects. He described Etihad Rail as a vital economic artery that supports the UAE's future, contributing to sustainability, connectivity, and improved quality of life. He also praised the project's role in enhancing the country's position as a leading logistics hub while fostering social and economic cohesion across the emirates. The trip underscores the transformative impact of Etihad Rail's passenger network, which will eventually connect 11 cities and regions across the UAE, from Al Sila to Fujairah. Trains will run at speeds up to 200 km/h, with key stations in Abu Dhabi, Dubai, Sharjah, and Fujairah. Each train will accommodate up to 400 passengers, with projected ridership reaching 36.5 million annually by 2030. During the journey, H.H. Sheikh Mohammed was briefed by Etihad Rail officials on the progress of the national project, which aligns with the UAE's broader goals of sustainable mobility and net-zero emissions by 2050. The visit was also attended by H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, who highlighted the leadership's integral role in the development of the railway since its inception under the "Projects of the 50" initiative. Etihad Rail continues to prepare for the full passenger service launch, promising a safe, efficient, and high-quality travel experience that reshapes transportation across the country. News Source: Emirates News Agency
What's On
4 hours ago
- What's On
Sheikh Mohammed takes first Etihad Rail passenger ride from Dubai to Fujairah
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, took a significant step into the UAE's transport future this week — by boarding a passenger train on the Etihad Rail network from Dubai to Fujairah. The journey served as a real-time inspection of progress on the Etihad Rail passenger line, a project that is set to redefine how the UAE moves by connecting cities, boosting tourism, and supporting economic growth. Passenger operations are set to launch in 2026, with the full network ultimately linking 11 cities and regions across the country. Sheikh Mohammed was joined by Etihad Rail officials and project leaders, including Chief Business Support Officer Saeed Al Ahbabi, who briefed him on key achievements. Following the ride, Sheikh Mohammed praised the project team, calling Etihad Rail 'a vital economic artery' and affirming its role in uniting the emirates through state-of-the-art infrastructure. خلال رحلة من دبي للفجيرة بقطار الاتحاد للركاب .. القطار سيربط بين 11 مدينة ومنطقة في الدولة من السلع للفجيرة .. بسرعة 200 كم/ساعة . وسيسهم بنقل 36 مليون مسافر بحلول 2030 .. وسيبدأ تشغيله العام القادم باذن الله . فخور بمشاريعنا الوطنية .. وفخور بفريق عمل قطارات الاتحاد الذي… — HH Sheikh Mohammed (@HHShkMohd) August 2, 2025 Once fully operational, Etihad Rail's passenger trains will travel at speeds of up to 200 km/h, offering a fast, sustainable alternative to road travel. Each train is expected to carry around 400 passengers, with the network projected to serve over 36 million people annually by 2030. Etihad Rail was honoured to host His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aboard the passenger train journey between the emirates of Dubai and Fujairah, with passenger services set to commence operations… — Etihad Rail (@Etihad_Rail) August 2, 2025 This landmark rail system is part of the UAE's Dhs50 billion National Rail Programme, one of the largest infrastructure projects in the region. It's forecast to generate Dhs200 billion in long-term economic benefits, enhancing the logistics sector, improving commuter mobility, and supporting environmental sustainability. The journey from Dubai to Fujairah marked more than just a test ride, it symbolised a powerful shift in how the nation envisions transport. With upcoming passenger hubs in Abu Dhabi, Dubai, Sharjah, and Fujairah, residents and tourists alike will soon have a fast, scenic, and eco-friendly way to explore the UAE. As Sheikh Mohammed wrote in a post following the trip, 'We are proud of our youth, proud of our achievements, and proud of our country's journey.' With Etihad Rail on track, that journey is about to get a lot faster. > Sign up for FREE to get exclusive updates that you are interested in
