Abu Dhabi Islamic Bank shareholders have approved a capital increase through a rights issue of up to AED 1.75 billion following the bank’s General Assembly meeting on October 6, 2026.
ADIB will issue up to 106.383 million new shares at an issue price of AED 16.45 per share. The price comprises a nominal value of AED 1 per share and a share premium of AED 15.45 per share.
The new shares will be offered to existing ADIB shareholders on a pro-rata basis according to their existing ownership.
Following the rights issue, ADIB’s share capital could increase by up to AED 106.383 million, from AED 3.632 billion to a maximum of AED 3.738 billion. The final amount of the capital increase will be determined after the subscription period closes and following approval from the Capital Market Authority.
Shareholders also approved the Board of Directors’ report outlining the bank’s capital increase plan and the intended use of the proceeds.
The General Assembly approved amendments to Article 6 of ADIB’s Articles of Association to reflect the capital increase and authorised the Board to determine the terms and subscription period of the rights issue, as well as the final number of shares to be issued.
The General Assembly meeting recorded an attendance quorum representing 67.48% of the bank’s share capital.
Source: ADIB
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
