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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
Emaar Development proposed a special cash dividend to shareholders representing 26 per cent of paid-up share capital, and plans to hold a vote on the proposal in a general meeting on Wednesday.
Bank Muscat, the flagship financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’, and commitment to partnership in sustainable development, signed a lon
Oman Daily Observer
Etisalat Digital is embracing the future of retail at this year’s Gitex Technology Week, offering a seamless shopping experience through face recognition, artificial intelligence, image recognition a
Saudi Arabia’s Mobily and Huawei have agreed to collaborate on a five-year plan to upgrade Mobily’s networks and accelerate the arrival of 5G to the kingdom.
The announcement was made at
Saudi Aramco played a central role in the second India Energy Forum att the invitation of the Minister Dharmendra Pradhan and the Indian Ministry of Petroleum and Natural Gas.
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