Emirates NBD, Dubai's largest bank, plans to raise up to AED 6.45 billion by way of a rights issue, it said in a statement on Thursday.
The bank, that published an invitation to its shareholders to subscribe for new shares, plans to issue 758.82 million new shares at an issue price of AED 8.50 per new share.
“Emirates NBD intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of Emirates NBD,” the statement added.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}