United Arab Bank (UAB) has successfully finalized a significant Dh1 billion senior unsecured loan facility with a two-year maturity period, marking a substantial achievement in the UAE’s banking sector. The innovative financing structure combines both conventional lending and Shariah-compliant Commodity Murabaha tranches, executed at highly competitive market rates that reflect current financial conditions.
The strategically structured facility will serve general corporate purposes while substantially strengthening UAB’s financial foundation. This enhanced liquidity position will enable the bank to more effectively support client requirements while advancing its strategic growth initiatives in the competitive UAE banking landscape.
Abu Dhabi Commercial Bank PJSC, Emirates NBD, Emirates Islamic Bank, and First Abu Dhabi Bank served as Initial Mandated Lead Arrangers and Bookrunners for this transaction, with Emirates NBD additionally acting as Global Facility Agent, demonstrating strong collaborative banking relationships within the region.
Chief Executive Officer Shirish Bhide emphasized the transaction’s significance, stating: ‘This dual-tranche facility represents a timely expansion of our funding base and underscores the sustained confidence of the UAE banking market in United Arab Bank’s financial resilience and disciplined execution capabilities. The arrangement substantially enhances our liquidity profile and funding flexibility, positioning us to proactively support our clients while pursuing strategic growth opportunities.’
The successful financing follows UAB’s impressive nine-month performance through September 2025, during which the bank reported a 49 percent year-on-year increase in net profit to Dh316 million. This strong financial performance has been recognized by international rating agencies, with Moody’s upgrading the bank’s deposit ratings to Baa2 and Fitch Ratings elevating UAB’s Viability Rating to ‘bb-‘ while maintaining a stable outlook on its BBB+ Long-Term Rating.