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United Fidelity Insurance to Raise Up to AED30 Million Via Rights Issue

MT Newswires·10/19/2026 00:26:51
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12:26 AM EDT, 10/19/2026 (MT Newswires) -- United Fidelity Insurance (ADX:FIDELITYUNITED) intends to raise up to 30 million Emirati dirhams through a rights issue as part of its capital increase program. The Abu Dhabi-listed insurer said Monday it will offer 30 million new shares, potentially increasing its share capital to 220 million dirhams from 190 million dirhams. Rights trading will run from Nov. 10 to Nov. 24, with the subscription period scheduled to close on Dec. 1. The proceeds will be used to strengthen the company's solvency position and support its growth plans.