Dubai: First Abu Dhabi Bank (FAB) plans to raise up to Dh15 billion through a rights issue priced at a 30% discount to its latest closing share price, as the UAE's largest bank by assets seeks additional capital to expand lending and investment across its domestic and international markets.

The bank's board approved the proposed issue of approximately 1.11 billion new shares at Dh13.52 each, compared with FAB's closing price on November 10, 2026. The transaction remains subject to shareholder and regulatory approvals, with completion expected in the first quarter of 2027.

Mubadala Investment Company, FAB's largest shareholder with a 37.9% stake, intends to subscribe for its full entitlement, the bank said on Wednesday.…