ADIB shareholders approve $272 mln rights issue

19/08/2018 Argaam

 

Shareholders of Abu Dhabi Islamic Bank (ADIB) on Thursday approved a capital increase by $272.47 million (AED 1 billion) through the issuance of 464 million shares, priced AED 2.16 per share, the bank 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.

 

Meanwhile, the shareholders also approved 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 0

Be the first to comment

loader Train
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.

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