ADIB plans Dh1.75 billion rights issue for growth
Arabian Post Staff -Dubai Abu Dhabi Islamic Bank’s board has approved plans to raise up to Dh1.75 billion through a rights issue, strengthening its capital base as the lender pursues faster expansion under its Vision 2035 strategy. The proposed transaction will involve the issuance of as many as 106.38 million new ordinary shares at Dh16.45 each. The subscription price represents a discount of…
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