Investors in UAE stocks are closely watching the banking sector in Thursday’s session, which will be a shortened week’s final trading day due to the Prophet Muhammad’s birthday holiday on Friday, September 5.

UAE market indices showed mixed performance on Wednesday with renewed volatility in stock movements. The Dubai index fell below the 6000-point mark, dropping 0.61% to 5974.08 points, while the Abu Dhabi market continued its rise for the second consecutive session, gaining 0.17% to 10050.94 points. Stocks attracted AED 1.5 billion in liquidity, including AED 926 million in Abu Dhabi and AED 575 million in Dubai.

Abu Dhabi Market

The Abu Dhabi index rose supported by banks, with shares of Abu Dhabi Islamic Bank increasing 1.5% to AED 21.38, First Abu Dhabi Bank up 0.24% to AED 16.52, and Abu Dhabi Commercial Bank up 0.13% to AED 14.9.

Active Stocks Performance in Abu Dhabi (Wednesday Session)

    • Abu Dhabi Islamic Bank +1.51%
    • Global Holding +0.02%
    • ADNOC Gas -0.896%
    • First Abu Dhabi Bank +0.24%
    • ADNOC Supply -0.37%

    Company News

    • Group 42, which owns 70.5% of Brightside, announced it will offer about 2% of its stake to qualified investors through a quick private placement. The 2% represents approximately 112.2 million shares out of a total capital of 5.6087 billion shares. After the placement, Group 42’s stake will decrease from 70.5% to 68.5% in Brightside. The company has committed not to sell any additional shares for 180 days. The placement will start immediately (from tonight), with final expected conditions by September 4, 2025, and final settlement expected on September 10, 2025. All proceeds will go to Group 42 without impact on the company or shareholders. The deal will be available to qualified institutional investors and others in multiple countries, but in the UAE only professional investors as defined by the Securities and Commodities Authority will be eligible, not the public.
    • Khazna Data Center announced securing significant financing facilities worth AED 9.615 billion (USD 2.62 billion) to support its ambitious expansion plans across the UAE and global markets.
    • Abu Dhabi National Energy Company (TAQA), along with Japan’s JERA and Saudi Arabia’s Al-Bawani Financial (Al-Bawani), a subsidiary of Al-Bawani Holding, announced the completion of financing for the construction of two new power plants in Saudi Arabia. The total investment for the two plants is approximately USD 4 billion (about AED 14.7 billion). Financing was secured from a consortium of regional and international banks through senior debt and equity loans, with a debt ratio exceeding 80%, reflecting the strong fundamentals of the project and lenders’ confidence. Lenders include Al Rajhi Bank, Riyadh Bank, Saudi British Bank, National Commercial Bank, Arab Petroleum Investments Corporation, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Bank of China, and First Abu Dhabi Bank.

    Dubai Market

    Pressure in the Dubai market came with declines in shares of Emaar Properties by 1.4% to AED 14.1, Dubai Islamic Bank down 0.94% to AED 9.45, Emirates NBD down 1.4% to AED 24.65, Salik down 2.7% to AED 6.38, and Emaar Development down 0.35% to AED 14.25.

    Active Stocks Performance in Dubai (Wednesday Session)

    • Talabat +2.52%
    • Salik -2.74%
    • Emirates NBD -1.40%
    • Emaar Properties -1.39%
    • Dubai Islamic Bank -0.94%
    • Emaar Development -0.35%