Commentary & Deal Flow

Emirates NBD Bank PJSC ("ENBD"), rated A1/A+ (Moody's/Fitch), the most profitable bank in the MENA region in 2025 and the second largest bank in the UAE (by total assets, deposits and loans) and 55.76% indirectly owned by the Government of Dubai, has mandated Abu Dhabi Commercial Bank, Barclays, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and J.P. Morgan as Joint Lead Managers and Bookrunners to arrange a series of fixed income investor meetings on Monday 27th April 2026 which will include physical meetings in London as well as virtual investor calls (two schedules running in parallel, shared separately).

A benchmark fixed rate resettable USD-denominated Regulation S Registered Perpetual non-call 6-year additional tier 1 capital issuance will follow, subject to market conditions.

FCA/ICMA stabilisation applies.