Adib rights issue subscription online

Abu Dhabi Islamic Bank (Adib) is offering shareholders who are also its customers the option to subscribe to its rights issue through internet banking and its mobile banking application.

The subscription period will run until September 10.

During this period, all shareholders as of September 3 will be able to subscribe to new and additional shares at a price of Dh3 per share.

This is in addition to the ability for all shareholders, including non-Adib customers, to visit one of the 40 participating Adib branches across the UAE. In all cases, an investor number must be presented for subscription along with other required documents.

Shareholders will also have the option to subscribe for additional shares, more than what they already hold, which will be allocated in the event that unsubscribed shares remain at the end of the subscription period.

The shares, for Adib’s Dh504 million rights issue, will continue to be traded on the Abu Dhabi Securities Exchange until September 3.

During the trading period, holders of rights who do not wish to subscribe to new shares still have the option to sell all or part of their rights.

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