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Abu Dhabi Islamic Bank opens AED 1.75bn rights issue subscription
Subscription runs from 10 to 24 November 2026, with rights allocated at one per 34.14 existing shares and an issue price of AED 16.45 per new share.
Abu Dhabi Islamic Bank, listed on the Abu Dhabi Securities Exchange, opened subscription for a rights issue valued at AED 1.75 billion on 10 November 2026, running until 24 November 2026. The bank allocated rights to eligible shareholders registered as of the entitlement date on 2 November 2026, at a ratio of one right for every 34.14 existing shares. Each right entitles the holder to subscribe for one new share at an issue price of AED 16.45. The issue is intended to support the bank's capital base and fund strategic priorities under its Vision 2035 framework.
Subscription mechanics and trading period#
The bank is the sole receiving agent for subscription applications. Investors may submit applications from 10 November 2026 through the Abu Dhabi Securities Exchange electronic portal, identified as ADX ePortal, or at participating bank branches. Account holders may subscribe directly via the bank's mobile banking application using existing login credentials. Rights trade on the Abu Dhabi Securities Exchange until 16 November 2026 under the ticker ADIBRI26, while subscription for new shares remains open until 24 November 2026. Shareholders and investors who purchase rights during the trading period may participate in the subscription according to the terms set out in the prospectus.
Settlement and listing timeline#
New shares are expected to begin trading on the Abu Dhabi Securities Exchange from 18 December 2026. Shareholders who do not exercise their full allocation of rights will retain their existing shares, though their ownership percentage in the bank will decrease following the issuance of new shares. This dilution occurs even if shareholders sell their allocated rights during the trading period. The prospectus specifies the conditions under which participation in the subscription is permitted.
Capital structure and shareholder impact#
The proceeds from the rights issue will be applied to the bank's capital base. The bank disclosed that the issue forms part of its funding plan for the period covered by Vision 2035. Shareholders who choose not to subscribe for their full entitlement will see their proportionate ownership in the bank reduced once the new shares are issued and begin trading in December 2026.
Sources2 sources across 2 domains
- skynewsarabia.comSky News ArabiaRights issue size, subscription dates, allocation ratio, issue price, trading period, settlement date and use of proceeds
- snabusiness.comSNA BusinessSubscription mechanics, entitlement date, ticker symbol and dilution effect for non-participating shareholders
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