Invest Bank has announced that its shareholders have approved a reverse stock split at a consolidation ratio of 82.18-to-1 during the bank’s General Assembly meeting held on October 15, 2026.
The Abu Dhabi Securities Exchange-listed bank confirmed that the consolidation will reduce the number of issued shares from approximately 263.18 billion to 3.20 billion, while keeping its total issued share capital unchanged at AED 3.20 billion.
Under the approved restructuring, every 82.18 existing ordinary shares with a nominal value of AED 0.0122 each will be consolidated into one ordinary share with a nominal value of AED 1.00.
The reverse stock split is designed to restructure the bank’s share capital without changing its total issued capital.
According to the official disclosure, trading in Invest Bank shares will be suspended for five trading days as part of the consolidation process.
The bank confirmed the following key dates:
- Last Trading Day Before Consolidation: October 20, 2026
- Last Entitlement Date: October 22, 2026
- Shareholder Record Date: October 26, 2026
- Consolidation Effective Date: October 27, 2026
- Trading Suspension: Five trading days, with the resumption date to be announced separately
The bank stated that the consolidation will be reflected in the ADX system on October 27, 2026, with the revised paid-up capital recorded following the restructuring.
As part of the approved arrangements, shareholders holding 82 shares or fewer before consolidation will receive one new share.
For other shareholders, fractional entitlements will be rounded down to the nearest whole share, with the remaining fractional shares aggregated and sold through ADX at the prevailing market price.
Net proceeds from the sale of fractional shares will be distributed proportionately to eligible shareholders within 10 working days of the settlement date, November 2, 2026.
The bank will bear the applicable service fees associated with the fractional share adjustment process.
Shareholders also approved amendments to the bank’s Articles of Association to reflect the revised number of issued shares and the new nominal value of AED 1.00 per share, subject to final approval from the relevant authorities.
The General Assembly recorded shareholder attendance representing 92.29% of the bank’s share capital.
The reverse stock split will reduce Invest Bank’s outstanding share count substantially without changing its total issued share capital. The consolidation itself does not represent an increase in the bank’s underlying business value.
Source: Invest Bank
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
