United Arab Bank P.J.S.C.

Identity and operating perimeter

As of: 2026-06-30

United Arab Bank P.J.S.C. was established in Sharjah in 1975 and converted to a public company in 1982. It conducts commercial banking through UAE offices and branches, including Islamic windows at selected branches. The figures here follow the Bank's own interim reporting perimeter, not the consolidated accounts of a shareholder. Islamic banking windows are not presented as separately owned subsidiary banks.

Three complementary businesses

As of: 2026-06-30

Corporate banking serves companies and institutions with credit, Islamic financing, deposits and current accounts. Personal banking covers consumer lending, cards, transfers and deposits. Treasury and capital markets manage investments, sukuk, interbank transactions, foreign exchange and hedging. These are operating segments, not three legal subsidiaries. The report groups geography into the Middle East and does not provide a finer revenue split; branch presence should not be substituted for geographic income.

Ownership at June 2026

As of: 2026-06-30

The official ownership table dated 30 June 2026 identifies The Commercial Bank (P.S.Q.C.) at 39.91%, Al Majid Investment Company at 10.79%, Sheikh Mohammed bin Faisal bin Sultan Al Qassimi at 9.99%, and Sheikh Faisal bin Sultan bin Salem Al Qassimi at 7.42%. These dated holdings do not constitute a live register or a guarantee of liabilities.

2025: growth and new capital

As of: 2025-12-31

The annual results release reports net profit of AED 438 million versus 301 million in 2024 and income of AED 797 million. The bank raised approximately AED 1.03 billion through a rights issue, changing its capital and share base. Recoveries supported a net impairment reversal of AED 51 million. Thus profit growth was not solely recurring lending growth; the release's rounded management figures should remain distinct from precise interim statement amounts.

H1 2026: income up, net profit down

As of: 2026-06-30

Operating income increased to AED 420.831 million from 373.543 million, with stronger net interest and Islamic financing income. Fees declined while foreign-exchange income increased. Operating profit before impairment rose, yet net profit fell to 201.037 million from 207.742 million. The key bridge is impairment: a 6.171 million loss replaced a 31.854 million reversal. The second quarter alone improved, but must not be described as the whole first half.

Where profit is generated

As of: 2026-06-30

Corporate banking generated AED 175.166 million of H1 pretax profit and treasury 60.188 million; personal banking recorded a 14.455 million pretax loss. The total is therefore not evidence of uniform profitability across products. Segment results include allocated expenses and impairment. The personal-business loss, alongside investment in products and channels, is a useful monitoring point rather than proof that retail banking has been abandoned.

Assets, deposits and maturity

As of: 2026-06-30

At June, assets were AED 27,748.079 million, with net loans and Islamic financing of 15,327.559 million. Customer deposits reached 18,166.081 million. Current accounts increased while term deposits declined from December, changing the funding mix. Interbank funding includes repos. A separate AED 1 billion floating-rate facility, priced over EIBOR, is repayable in December 2027. Customer deposits should not be recast as industrial net debt, and investments are not identical to immediately available cash.

Capital and distributions

As of: 2026-06-30

CET1 was 17.2% and total capital adequacy 21.1%, against 17.4% and 21.5% at December. These are regulatory ratios, not returns on equity. The USD 150 million Tier 1 instrument is perpetual and subordinated; its optional call is not a contractual maturity, and coupon payment may be waived under its terms. The March 2026 meeting approved AED 109.464 million in cash dividends, also shown as paid in the interim equity statement.

Risks and cash-flow comparability

As of: 2026-06-30

The investment portfolio exposes equity to valuation changes beyond net profit: H1 other comprehensive loss was AED 62.269 million. Credit recoveries and new impairments can move profit differently from revenue. The bank also restated the prior-period cash-flow classification of Central Bank statutory reserves, moving them into cash equivalents. Historical cash-flow comparisons must use the adjusted figures, not splice old and restated series. Regional uncertainty and borrower-specific overlays remain relevant to expected credit losses.

Strategy and what to monitor

As of: 2025-12-31

Management describes digital onboarding, a revamped mobile app, fintech partnerships and supply-chain finance as strategic priorities. These are issuer statements, not a quantified forecast of cost savings. The editorial questions are whether core income covers growing expenses, retail profitability improves and capital supports lending without weakening liquidity. The July-reviewed IAS 34 interim statements are not a full annual audit. No target price, return forecast or trading recommendation follows from this profile.

Official contacts and dates

As of: 2025-12-31

The official website is uab.ae. The annual report publishes investor relations at ir@uab.ae and +971 6 5075784, and the head office at UAB Tower, Al Majaz Street, Buhaira Corniche, P.O. Box 25022, Sharjah. These are business contacts from the 2025 report, not newly confirmed telephone availability. Ownership is dated June 2026; annual figures describe 2025 and interim flows H1 2026. The existing dated review remains a separate reader resource.

Sources

1. S1 · UAB: interim financial statements H1 2026 · 2026-06-30
2. S2 · UAB: FY2025 results release · 2025-12-31
3. S4 · UAB: integrated annual report 2025 · 2025-12-31
4. S3 · UAB: official shareholder information · 2026-06-30