The N157.8 billion rights issue of the United Bank for Africa (UBA) Plc is gradually gaining traction, with shareholders already taking their rights so as not to miss out.
The exercise commenced on Thursday, July 30, 2025, and is expected to close on Friday, September 5, 2025.
This rights issue offers existing shareholders a unique opportunity to increase their stake in UBA and contribute to its strategic expansion and innovation across Africa’s financial landscape.
It is part of the financial institution’s efforts to strengthen its capital base to support lending, digital transformation, and expansion across Africa and key international markets.
It is also the lender’s strategic initiative under the N400 billion equity shelf programme designed to make it one of the flagship financial services providers on the continent.
During the exercise, UBA will offer to shareholders a total of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per unit.
These equities would be sold on the basis of one new ordinary share for every 13 ordinary shares held as at the close of business on Wednesday, July 16, 2025.
UBA is a leading pan-African financial services institution with operations in 20 African countries and international offices in London, New York, Paris, and Dubai.
With a strong presence across the continent, UBA offers services in commercial banking, corporate and digital banking solutions.
The bank’s financial performance has been outstanding, with post-tax profit of N766.6 billion in the 2025 fiscal year compared with the N607.7 billion achieved in the preceding year.
Also, the financial institution demonstrated a strong liquidity position and continued leadership across the continent after its assets increased to N30.3 trillion last year.