A post by @FirstSquawk on X.

First Abu Dhabi Bank plans to raise up to 15 billion dirhams through a rights issue, according to a First Squawk post on X. The capital raise by the UAE's largest lender is among the region's bigger equity moves and would bolster its capital base. Terms such as pricing, subscription ratio and timetable were not detailed in the headline. Investors will watch for the full offer terms and how the bank intends to deploy the proceeds.