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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UAB concludes $200m term loan

Over the past several years, United Arab Bank has made steady progress.
  • The dual tranche borrowing comprises a conventional tranche and a commodity Murabaha financing facility has been concluded at competitive pricing.
  • The facility also includes a green-shoe option to increase the size up to AED 1.3 billion. Proceeds of the facility will be used for general corporate purposes.

Sharjah, UAE — United Arab Bank (UAB) announced the successful conclusion of its AED 735 million ($200 million), two-year dual tranche club term loan facility

The dual tranche borrowing comprises a conventional tranche and a commodity Murabaha financing facility has been concluded at competitive pricing.

The facility also includes a green-shoe option to increase the size up to AED 1.3 billion. Proceeds of the facility will be used for general corporate purposes.

The transaction was arranged by Abu Dhabi Commercial Bank, Emirates NBD, Emirates Islamic Bank and First Abu Dhabi Bank as initial mandated lead arrangers and bookrunners. Emirates NBD acted as the global facility agent.

Shirish Bhide, Chief Executive Officer at UAB, said, “We are delighted to announce this transaction that was done with support from leading financial institutions in the UAE. The transaction is testimony to the market confidence in the bank’s strong fundamentals, management strength and growth prospects.”