United Arab Bank
AADX:UAB1.43
AED
-0.07
(-4.67%)
ISIN
AEU000601010
Return %
Stock
S&P 500
1Y
10.00
14.20
3Y
26.23
81.12
5Y
109.54
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Shireesh Sudheer Bhide
- Sector
- Finance
- Industry
- Regional banks
- Address
- Sharjah United Arab Emirates
- IPO Date
- Mar 21, 2005
- Website
- uab.ae
- Similar Companies
- Business
- United Arab Bank P.J.S.C. is a United Arab Emirates-based commercial bank that provides comprehensive corporate, retail, treasury, and Islamic banking solutions to individual consumers, small and medium-sized enterprises, commercial entities, and institutional clients. Founded in 1975 and headquartered in Sharjah, United Arab Emirates, the bank conducts its operations across the UAE through a network of branches, electronic banking units, and digital channels. United Arab Bank operates through three primary business segments: Wholesale Banking, Retail Banking, and Treasury and Capital Markets. Its Wholesale Banking segment provides working capital facilities; term and syndicated loans; project and asset-backed finance; trade finance instruments, including documentary letters of credit, standby credits, performance guarantees, and trade bill discounting; cash management; transaction banking; corporate escrow services; and specialized lending for government and multinational entities. The Retail Banking segment offers everyday banking and deposit accounts, including current, savings, and fixed-deposit accounts; consumer financing products, such as personal loans, auto loans, and residential mortgages; credit cards, debit cards, and loyalty reward programs; wealth management services; investment products; and bancassurance solutions. The Treasury and Capital Markets segment delivers foreign exchange spot, forward, and option contracts; interest rate derivatives; money market operations; liquidity management; and fixed-income investment solutions. The bank also provides Sharia-compliant Islamic banking services through its dedicated Islamic window, offering Murabaha, Ijarah, and Wakala structures. In recent operational and strategic developments, United Arab Bank has executed a multi-year turnaround and capital enhancement strategy, strengthening its balance sheet, improving asset quality metrics, and expanding its wholesale lending portfolio. The bank has accelerated its digital transformation roadmap, rolling out an upgraded omnichannel mobile banking application, digital biometric customer onboarding capabilities, and seamless integration with the Central Bank of the UAE's Aani instant payment platform. Additionally, United Arab Bank has expanded strategic collaborations with regional fintech providers and insurance partners to enhance its digital transaction ecosystem and retail bancassurance offerings, while establishing a sustainable financing framework to support green corporate credit initiatives across the United Arab Emirates.