Islamic Finance 

BRIEF-Abu Dhabi Islamic Bank Raises AED 1 Bln Through Rights Issue

| 11 October, 2018

OCTOBER 11, 2018 | 1:57AM EDT

Abu Dhabi Islamic Bank:

* Raises 1 billion dirhams through rights issue aimed at supporting bank’s growth strategy, offer for new shares was about 5 times oversubscribed

* Following close of subscription period on October 09, designated 464 million new shares will be fully allocated on Oct 16

* Subscription for 1 billion dirhams ADIB rights issue was completed on October 09, 2018 and generated investor demand in excess of 5 billion dirhams

Source: ( Further company coverage:

© Thomson Reuters 2018 All rights reserved