First Abu Dhabi Bank Announces General Assembly Meeting to Vote on Major Capital Increase

The Board of Directors of First Abu Dhabi Bank P.J.S.C. has invited shareholders to attend its General Assembly meeting on Monday, December 7, 2026, at 3:00 PM. The meeting will be held physically on the 4th floor of the bank's headquarters in the Al Qurm district, behind Khalifa Business Park, Abu Dhabi, and virtually via an electronic link provided to registered shareholders.

The primary focus of the meeting is to review and adopt resolutions regarding a significant capital increase. Under the proposed special resolution, the bank seeks to increase its issued share capital by up to AED 1,109,467,456 through a rights issue. This involves issuing up to 1,109,467,456 new shares at an issue price of AED 13.52 per share, consisting of a nominal value of AED 1 and a share premium of AED 12.52.

If approved, the issued share capital of First Abu Dhabi Bank will rise from AED 11,047,612,688 to approximately AED 12,157,080,144. The new shares will be offered to existing shareholders on a pro-rata basis, with eligible shareholders receiving one right for every 9.958 shares held. The total proceeds from the rights issue are expected to reach approximately AED 15 billion, with the share premium being added to the statutory reserve in accordance with Federal Decree by Law Number 32 of 2021 Concerning Commercial Companies.

Additional agenda items include the appointment of a Secretary and vote collector, the approval of the Board of Directors' report, and the amendment of Article (6) of the Bank's Articles of Association to reflect the new capital structure. The Chairman of the Board or an authorized representative will be granted the power to execute all necessary procedures to implement the capital increase.

Shareholders attending virtually must register between 3:00 PM on Sunday, December 6, 2026, and 3:00 PM on Monday, December 7, 2026. Proxy holders are permitted, provided they do not represent more than 5% of the bank's capital, unless representing a single shareholder. The meeting requires a quorum of at least 50% of the share capital to be valid. If this is not achieved, a second meeting will be held on Monday, December 14, 2026.