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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.