-+ 0.00%
-+ 0.00%
-+ 0.00%
Abu Dhabi Islamic Bank Starts Rights Trading Period for AED1.75 Billion Rights Issue
Share
Listen to the news
10:17 AM EST, 11/04/2026 (MT Newswires) -- The rights trading period for Abu Dhabi Islamic Bank's (ADX:ADIB) 1.75 billion-Emirati-dirham rights issue began on Wednesday. Under the terms, eligible shareholders registered as of Monday will receive one right for every 34.14 existing bank shares held, with each right allowing the holder to subscribe for one new share at 16.45 dirhams, according to a same-day release. Rights trading will continue through Nov. 16, while the subscription period for new shares will run from Nov. 10 to Nov. 24. Trading in the new shares is set to begin on the Abu Dhabi Securities Exchange on Dec. 18.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending