Abu Dhabi Islamic Bank (ADIB) has announced that its Board of Directors has approved a proposal to raise AED 1.75 billion through a rights issue to support the bank’s next phase of growth under its Vision 2035 strategy.
The proposed rights issue will comprise 106.38 million new ordinary shares at an issue price of AED 16.45 per share. This represents a discount of approximately 28.8% to ADIB’s closing share price of AED 23.10 on the Abu Dhabi Securities Exchange on 24 August 2026.
Eligible shareholders will be entitled to subscribe for approximately one new share for every 34.14 existing ADIB shares held, subject to final terms and applicable rounding arrangements. The transaction will provide existing shareholders with the opportunity to maintain their proportional ownership in the bank.
ADIB said its major shareholders have confirmed their commitment to participate in the rights issue and subscribe for their respective entitlements.
The proposed capital raise follows continued growth at the bank. ADIB’s total assets reached AED 304 billion at the end of H1 2026, surpassing AED 300 billion for the first time in its history. This followed 24% asset growth in 2025. Return on equity stood at 28% in H1 2026, following 29% in 2025 and 28% in 2024.
ADIB said the proposed rights issue will support its Vision 2035 growth ambitions as the bank continues to expand its business and customer franchise, deploy capital efficiently and pursue sustainable long-term growth.
The transaction remains subject to all required regulatory and shareholder approvals, including approval from the Central Bank of the UAE. ADIB said further details will be announced in due course.
Source: ADIB
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
