Source : WAM
United Arab Bank (UAB) has announced the successful completion of its AED 1.0 billion, two-year Senior Unsecured Dual Tranche Term Loan Facility.
The new facility reinforces UAB’s balance sheet, strengthening its capacity to meet client requirements while supporting the Bank’s strategic growth plans. The successful closing highlights strong market confidence in UAB’s financial stability, prudent management approach, and sustainable growth strategy.
The dual tranche facility consists of a Conventional tranche and a Commodity Murabaha tranche, both secured at competitive market pricing. The funds raised will be utilized for general corporate purposes.
The transaction was arranged by Abu Dhabi Commercial Bank, Emirates NBD, Emirates Islamic Bank, and First Abu Dhabi Bank, which acted as Initial Mandated Lead Arrangers and Bookrunners (IMLABs). Emirates NBD also served as the Global Facility Agent.
Commenting on the transaction, Shirish Bhide, Chief Executive Officer at UAB, said, “The successful completion of this AED1.0 billion dual tranche facility is a timely addition to our funding base and reflects the sustained confidence of the UAE banking market in United Arab Bank’s financial resilience and disciplined execution.
This transaction further enhances our liquidity position and funding flexibility, enabling us to proactively support our clients and pursue growth opportunities aligned with our strategic priorities. It also advances our ongoing efforts to optimise our funding mix across conventional and Shariah-compliant structures. We value the strong partnership demonstrated by the arranging banks and appreciate their continued trust and support.”
The transaction follows UAB’s strong performance for the nine months ended September 30, 2025, during which net profit rose 49 percent year-on-year to AED 316 million. During the same period, international rating agencies issued positive rating actions, with Moody’s upgrading UAB’s deposit ratings to Baa2 and Fitch Ratings upgrading the Bank’s Viability Rating to ‘bb-’ while affirming its Long-Term Rating at ‘BBB+’ with a Stable Outlook.
