United Arab Bank · ADX:UAB
United Arab Bank — Investor Presentation (June 2025)
27 slides from United Arab Bank's investor presentation, June 2025
Slide 1: Focused on sustainable growth, leveraging a robust foundation
Focused on sustainable growth, leveraging a robust foundation Management Presentation June 2025
Slide 2: Offer structure and key terms
Offer structure and key terms Issuer United Arab Bank PJSC (“UAB” or the “Bank”) Transaction Type Rights Issue of ordinary shares Exchange Abu Dhabi Securities Exchange (“ADX”) • Size: Up to 1,031,275,325 new shares at an issue price of AED 1 (“Issue Price”) Issue Size • Rights ratio: One Right for
Slide 3: United Arab Bank: Your trusted banking partner
United Arab Bank: Your trusted banking partner • Incorporated in 1975 in the Emirate of Sharjah as a JV between key Ras Al Khaimah International and UAE investors Well-supported by top shareholders* • Listed on Abu Dhabi Securities Exchange (ADX) Sharjah • Commercial Bank (QSC) is the major sharehol
Slide 4: Key Investment Highlights
Key Investment Highlights
Slide 5: Key Investment Highlights
Key Investment Highlights 1 Macro Superior UAE macro fundamentals driving continued economic growth 2 Positioning Niche player in the mid-large segment with a growing market share 3 Transformative Successful execution of turnaround strategy through multifaceted initiatives 4 Growth Multiple growth-a
Slide 6: Well-positioned to benefit from macro-economic tailwinds
1 Well-positioned to benefit from macro-economic tailwinds The UAE has witnessed tremendous growth and is a hub for business … ... with one of the highest GDP per capita globally (6) GDP per capita, current prices (USD 000s) - 2024 $ Aa2 46 49 The MENA’s most One of the world’s key 31 32 32 Investme
Slide 7: Niche player in the mid-large segment with a growing market share
2 Niche player in the mid-large segment with a growing market share Strong financial performance by UAB … … resulting in UAB share price outperforming mid-market UAE Banks (1) Return on Shareholders’ Equity (2) 200 6M 12M Since Jan’23 UAB 15% 16% 48% 17.4% 20.0% Mid-Market UAE Banks 10% 12% 40% 15.8
Slide 8: Our strategic imperatives (1/2)
3 Our strategic imperatives (1/2) Re-invigorate our Islamic window 8 1 Sustainable and superior profits across all business lines through business growth Bank-wide cost discipline 7 2 ‘Customer centricity’ and ‘risk’ to drive down the CI ratio significantly at the heart of all that we do Embed susta
Slide 9: Successful execution of turnaround strategy through multifaceted initiatives (2/2)
3 Successful execution of turnaround strategy through multifaceted initiatives (2/2) Revamped our organisation and governance structure, and promoted a Strengthened our financial foundation to deliver sustainable growth performance-oriented culture Achieved significant improvements in asset quality,
Slide 10: Multiple growth-accelerating initiatives to scale-up and diversify product offering
4 Multiple growth-accelerating initiatives to scale-up and diversify product offering WHOLESALE AED 362 mn 60% Revenue TREASURY & AED 189 mn 31% Revenue RETAIL AED 55 mn 9% Revenue Revenue Revenue Revenue BANKING (FY’24) contribution CAPITAL MARKETS (FY’24) contribution BANKING (FY’24) contribution
Slide 11: Robust fundamentals with strong financial performance
5 Robust fundamentals with strong financial performance NET PROFIT CAGR1 since FY’21: 59% RETURN ON Net profit (before tax) records a (BEFORE TAX) SHAREHOLDERS’ EQUITY1 AED Mn 331 (%) 20.0 CAGR of 59% with significant 255 15.8 16.1 10.3 improvement in shareholder 155 4.7 returns … 70 112 FY'21 FY'22
Slide 12: Experienced Board to achieve strategic objectives (1/2)
6 Experienced Board to achieve strategic objectives (1/2) Board of Directors 14 18 17 13 H.H. Sheikh Mohammed Female Representation Mr. Omar Hussain H.E. Sheikh Abdullah H.E. Ms. Najla Al Midfa Bin Faisal Al Qassimi Alfardan Bin Ali Bin Jabor Al Thani Director Chairman Vice Chairman Director Board M
Slide 13: Experienced Leadership to drive further growth (2/2)
6 Experienced Leadership to drive further growth (2/2) Senior Management With over 350+ years Shirish Bhide Abdul Haleem Sheikh Nael Mourad Emre Yalcin Carla Ajaka Chief Executive Officer Chief Financial Officer Head of Wholesale Banking Head of Retail Banking Head of Treasury & Capital Markets of c
Slide 14: UAB is focused on delivering sustainable growth and shareholder returns
UAB is focused on delivering sustainable growth and shareholder returns, leveraging the robust foundation built 01 02 03 04 05 06 Macro Positioning Transformative Growth Resilience Excellence Superior UAE macro UAB aims to be niche Successfully executed Multiple growth- Maintaining robust Led by a B
Slide 15: Q1'25 Financial Update
Q1’25 Financial Update
Slide 16: Q1'25 performance sets the foundation for a solid 2025 ahead
Q1’25 performance sets the foundation for a solid 2025 ahead Q1’25 earnings growth led by Strong asset growth Further improvement in asset quality increase in assets and strong recoveries Total +31% Gross NPL Assets 23bn yoy ratio 3.4% FY’24 3.9% Net Profit 102mn +49% yoy Loans, advances & Islamic f
Slide 17: Robust execution of the turnaround strategy drives impressive asset growth
Robust execution of the turnaround strategy drives impressive asset growth supported by a diversified funding mix, … All figures in AED Billion TOTAL ASSETS LOANS, ADVANCES & ISLAMIC FINANCING (net) INVESTMENTS CAGR since FY’21: 14% CAGR since FY’21: 14% CAGR since FY’21: 22% 23.4 12.5 21.5 11.5 6.8
Slide 18: ... delivering strong growth in income and profits
... delivering strong growth in income and profits, All figures in AED Million NET INTEREST INCOME TOTAL INCOME OPERATING PROFIT CAGR since FY’21: 14% CAGR since FY’21: 10% CAGR since FY’21: 11% 467 576 606 292 288 395 501 249 322 450 206 278 117 165 78 FY'21 FY'22 FY'23 FY'24 Q1'25 FY'21 FY'22 FY'2
Slide 19: ... and improving key performance indicators
… and improving key performance indicators All figures in percentage (%) NET INTEREST MARGIN COST-INCOME RATIO COST OF RISK RETURN ON SHAREHOLDERS’ EQUITY RETURN ON ASSETS 1.8 3.1 20.0 1.6 1.5 2.6 2.7 15.8 16.1 2.5 1.5 2.2 1.1 1.0 10.3 54 50 49 52 53 0.4 0.5 4.7 -0.5 -1.1 FY'21 FY'22 FY'23 FY'24 Q1'
Slide 20: Indicative Transaction Timeline and Use of Proceeds
Indicative Transaction Timeline and Use of Proceeds
Slide 21: Indicative Rights Issue timetable and key milestones
Indicative Rights Issue timetable and key milestones 3 JUN 2025 Subscription period Public 6 MAR 2025 announcement 24 JUN 2025 General Assembly via shareholder Right Eligibility 4 JUL 2025 29 JUL 2025 11 AUG 2025 Meeting circular Date / Record Start of End of subscription Expected listing Date subsc
Slide 22: Pro-forma Capital post rights issue and use of proceeds
Pro-forma Capital post rights issue and use of proceeds CET1 Capital 2% 1 % The Bank intends to use the net proceeds raised from the Rights Issue to strengthen the Bank’s capital position and enhance its financial resilience to adverse macro-financial shocks, with the aim to: 12 % Regulatory (i) str
Slide 23: Appendix – Summary Financials
Appendix – Summary Financials
Slide 24: Summary financials – Income statement and related ratios
Summary financials – Income statement and related ratios %chg %chg %chg %chg Income statement highlights (AED Million) Q1’25 2024 2023 2022 vs Q1’24 vs 2023 vs 2022 vs 2021 Net Interest Income 117 (11) 467 18 395 23 322 16 Non-Interest Income 48 (53) 139 (23) 182 1 179 4 Total Income 165 1 606 5 57
Slide 25: Summary financials – Balance sheet and related ratios
Summary financials – Balance sheet and related ratios %chg %chg %chg %chg Balance sheet highlights (AED Billion) Mar-25 Dec-24 Dec-23 Dec-22 vs Mar’24 vs Dec'23 vs Dec’22 vs Dec’21 Total Assets 23.4 31 21.5 22 17.6 25 14.1 (7) Loans, advances & Islamic financing 12.5 31 11.5 23 9.4 23 7.6 (7) Inve
Slide 26: Disclaimer
Disclaimer • The United Arab Bank PJSC (the Bank or UAB) prepared this presentation on a proprietary basis as general background information about the activities of the Bank. For the purposes of this notice, “Presentation” means this document, its contents or any part of it, any oral presentation, a
Slide 27: Thank You
THANK YOU For more information on the UAB Rights Issue 2025, please visit our corporate website Your Trusted Partner in UAE since 1975 www.uab.ae For any further queries, please contact UAB Investor Relations ir@uab.ae