UBA to Raise N239.4 Billion through Rights Issue

UBA to Raise N239.4 Billion through Rights Issue …C0NTINUE READING HERE >>>

*Shareholders to receive one new share for five existing shares

*Further strengthens regulatory capital and positions Group for
growth in lending, digital banking and unique diversified global
banking strategy

Africa’s Global Bank, United Bank for Africa (UBA) Plc, will raise
N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares
of 50 kobo each at N35.00 per share.

The Rights Issue, which opened on Friday, November 15, 2024, gives
existing shareholders the opportunity…

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