25/09/2018 08:33 AST

Abu Dhabi Islamic Bank (ADIB) said it will open subscription for its new shares on September 25 until October 9.

The bank received approval from its shareholders last month to raise Dh1 billion through a rights issue to meet regulatory capital requirements. Under the plan for the rights issue, each shareholder will have the right to subscribe to 29 new shares for every 198 shares held on September 12.

The rights issue will increase ADIB’s share capital to Dh3.63 billion from Dh3.168 billion.

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Abu Dhabi Islamic Bank (ADIB), announced that it has successfully raised $750 million of additional Tier 1 through a perpetual sukuk that complies with Basel III regulatory framework issued by the Ce

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Abu Dhabi Islamic Bank (ADIB) said on Sunday it has set September 12 as the eligibility date for its Dh1 billion rights issue instead of September 13 due to the public holiday on that day.

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