Abu Dhabi Islamic Bank Aims for 1.75B AED Capital Increase
The Abu Dhabi Islamic Bank has confirmed its approval to increase its capital by 1.75 billion dirhams through the issuance of preferred rights, following the approval of the majority of shareholders at the general assembly meeting. The increase will be carried out by issuing 106,383,000 shares at a price of 16.45 dirhams per share, raising the capital from 3.632 billion to 3.738 billion dirhams. The move aims to strengthen the bank's capital base to support its expansion plans and achieve sustainable, long-term growth, while providing greater funding to face future challenges, all within the framework of the 2035 strategy.
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