Latest news with #825
Gulf Today
03-06-2025
- Business
- Gulf Today
United Arab Bank launches strategic Rights Issue to raise up to Dhs 1.03 billion
United Arab Bank PJSC (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to Dhs1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from Dhs2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to Dhs3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB's website ( on or around today's date. The New Shares will be issued at an issue price of Dhs1 per New Share (the "Issue Price"). The terms and launch of the Rights Issue were approved by the UAB's General Assembly Meeting held on 6th March 2025, following the approval of the Board of Directors of the Bank held on 4th February 2025. The necessary regulatory approvals have been obtained for this transaction. United Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab Bank. The holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the "Eligible Persons"), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4th July 2025 and ending on 17th July 2025. The New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24th July 2025. Commenting on the announcement, Shirish Bhide, CEO of United Arab Bank, said, "The Rights Issue represents a significant milestone in the Bank's journey towards its next phase of growth. It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser. WAM
Emirates Woman
24-02-2025
- Entertainment
- Emirates Woman
Travel inspo: These are the luxe Thailand hotels from The White Lotus S3
Life by Alice Holtham-Pargin 39 mins ago First it was the tropical paradise of Hawaii for season one. Then the glamorous Italian isle of Sicily for season two. Now Netflix's smash hit The White Lotus has dropped season three, spotlighting Thailand as its stunning backdrop. The HBO Max series, streaming in the UAE on OSN, might have you hooked for the drama and dark satirical plot lines. But it also serves some major travel inspo. And after adding Four Seasons Resort Maui at Wailea to our travel vision board in season one and the oh-so-Instagrammable Four Seasons Taormina to our travel lust list after season two, series three is set to see you dreaming of a duo of paradisiacal resorts across Koh Samui and Phuket. Yes, this season, rather than just one hotel, the film will take place across two hotels, with another luxurious Four Seasons as the main protagonist and a second property – this time an Anantara – also providing alluring backdrops for all the drama. While only the first episode has dropped so far (the rest are set to drop weekly until April 7), we already know the key filming locations from The White Lotus season three. Four Seasons Koh Samui A verdant tropical backdrop for Season Three's family vacation, Koh Samui has a starring role in the latest instalment of the smash hit series. Reachable via a flight from Dubai via a flight to either Singapore or Bangkok, then a connecting flight to Koh Samui, the Four Seasons Koh Samui is set among 43 acres of lush hills, overlooking the idyllic Gulf of Thailand. A captivating retreat where five-star service and endless natural beauty provide a sensational backdrop, guests can enjoy days embracing the most of island life, relaxing at their private pool villa, indulging in pampering spa treatments, and discovering the golden beaches and azure waters from a luxury yacht charter. Room rates from AED6,825 per night. Anantara Mai Khao Villas, Phuket On the northern tip of Phuket, just beyond the island's longest beach, lies Anantara Mai Khao Villas. A more accessible six-hour hour direct flight from Dubai or Abu Dhabi, it's another key filming location from The White Lotus S3. A tranquil hideaway that oozes sophistication, serenity and luxury, this idyllic Phuket resort provides the backdrop for the hotel spa, and Belinda's room in the series. If you fancy checking in, opt for one of the 83 gorgeous pool villas and enjoy experiences like sunrise yoga, yacht tours, and signature spa treatments in the lush surrounds. Room rates from AED1,241 per night.
