Abu Dhabi Islamic Bank to raise $476mln via rights issue

By Zawya

By Staff Writer

Abu Dhabi Islamic Bank (ADIB) is raising AED 1.75 billion ($476 million) in a rights issue increasing its issued share capital to AED 3.738 billion.

Under the offering, ADIB will issue up to 106.38 million new ordinary shares through a tradable rights issue.

The bank said the proceeds will strengthen its capital base and support growth plans.

Shareholders will be eligible to receive rights on the basis of one right for every 34.14 existing shares held. Each right will entitle the holder to subscribe for one new share at an issue price of AED 16.45, comprising a nominal value of AED 1 and a share premium of AED 15.45.

The subscription price represents a discount of 28.8% to ADIB's closing share price on Aug. 24, 2026.

ADIB will act as the sole receiving bank for the rights issue, with shareholders able to subscribe through the ADX ePortal and participating ADIB branches.

(Reporting by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

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