GulfBase Live Support
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.
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
The Gulf Today
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.
Abu Dhabi Islamic Bank (ADIB) UK has arranged and structured a Sharia-compliant transaction to finance the acquisition of the UK based Lateral House for Dh118.2 million on behalf of an Abu Dhabi-base
Telecommunications operators Saudi Telecom Co., Etihad Etisalat (Mobily) and Zain Saudi Arabia said on Sunday that they had agreed with the government to a change in the calculation of their annual r
Nakilat received the “Innovative Player of the Year” Award by The Oil & Gas Year (TO&GY), in recognition of the company’s innovative pursuits towards sustainable growth. The award was personally pres
Aramex, a leading global provider of comprehensive logistics and transportation solutions, has announced the launch of ‘Aramex Fleet’, a crowd-based delivery platform that connects Saudi nationals to
Emirates NBD (ENBD), a leading bank in the Middle East region, has announced the introduction of Traveller HD, an assistive technology designed to enhance the branch experience for customers with low
Sabic, a global leader in the chemical industry, has signed a memorandum of understanding (MoU) with UK-based Plastic Energy, a pioneer in chemical plastics recycling, for the supply of feedstock to