15 Hrs
Source:
الاتحاد
Abu Dhabi Islamic Bank boosts capital with 1.75B dirham rights issue
Abu Dhabi Islamic Bank has announced a decision to increase its capital through the issuance of priority rights valued at up to 1.75 billion dirhams, in support of its future growth plan aligned with Vision 2035. The issuance will include approximately 106.38 million new shares at a price of 16.45 dirhams per share, offering shareholders the opportunity to participate in the bank's developmental journey and enhance sustainable value for shareholders while maintaining their ownership percentage. This step aims to strengthen the bank's capabilities to achieve profitable and sustainable growth, while continuing to deploy capital efficiently.
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