Abu Dhabi Islamic Bank approves AED 1.75bn rights issue

Abu Dhabi Islamic Bank (ADIB) has received shareholder approval for a rights issue aimed at raising approximately AED 1.75 billion in gross proceeds. The capital raise involves the issuance of up to 106,383,000 new ordinary shares at a price of AED 16.45 per share, which represents a 28.8% discount to the bank’s closing share price on August 24, 2026.

Upon completion, ADIB’s issued and paid-up share capital is expected to increase from AED 3.632 billion to AED 3.738 billion. The bank intends to use the additional equity to fund growth, expand core businesses, and accelerate digital and AI capabilities while maintaining capital strength. Group CEO Mohamed Abdelbary noted that the bank has surpassed AED 300 billion in total assets.

Eligible shareholders registered as of November 2, 2026, will be entitled to subscribe for approximately one new share for every 34.14 shares held. To qualify, shareholders must ensure purchase orders are executed on or before October 29, 2026. Rights can be traded on the Abu Dhabi Securities Exchange (ADX) during the trading period from November 4 to November 16, 2026.