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Abu Dhabi Islamic Bank Plans AED1.8 Billion Rights Issue

MT Newswires·08/25/2026 23:46:44
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11:46 PM EDT, 08/25/2026 (MT Newswires) -- Abu Dhabi Islamic Bank (ADX:ADIB) plans to launch a rights issue to raise 1.75 billion Emirati dirhams, pending regulatory and shareholder approvals. The lender will issue 106,383,000 new ordinary shares at a price of 16.45 dirhams apiece, reflecting a 28.8% discount to its closing price on Monday, according to a Tuesday release. Major shareholders of the bank committed to participating in the rights issue, which will entitle them to receive one new share for every 34.14 existing shares held. The transaction is intended to support ADIB's growth under Vision 2035.