Abu Dhabi Islamic Bank's (ADIB) board of directors recommended a capital increase by $272.47 million (AED 1 billion) through the issuance of 464 million shares, priced AED 2.16 per share, it said in a statement on Thursday.

 

The proposed rights issue would increase the bank's capital from AED3.168 billion to AED 3.632 billion.

 

The process is pending approvals from the general assembly and regulator, it added.

 

Meanwhile, the board also proposed the issuance of a $750 million (AED 2.75 billion) perpetual tier 1 sukuk, and the repayment of its $1 billion hybrid tier 1 sukuk issued in 2012.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request