-+ 0.00%
-+ 0.00%
-+ 0.00%

Market Chatter: First Abu Dhabi Bank Explores Multibillion-dollar Capital Raise

MT Newswires·11/09/2026 08:26:15
Listen to the news
08:26 AM EST, 11/09/2026 (MT Newswires) -- First Abu Dhabi Bank (ADX:FAB) is reportedly considering raising $5 billion through a rights issue to tap opportunities within the United Arab Emirates. Bloomberg News reported Monday, citing unnamed sources, that the lender's executives have had informal discussions with major banks for the proposed issue. However, a final decision has not been made yet. First Abu Dhabi Bank did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)