Abu Dhabi:Abu Dhabi Islamic Bank (ADIB) has announced that the subscription period for its AED 1.75 billion rights issue will commence on 10 November 2026 and conclude on 24 November 2026. This initiative is part of ADIB's strategy to support its growth and achieve its Vision 2035 goals, while also strengthening its capital position.

According to Wam, eligible shareholders registered by 2 November 2026 will receive one right for every 34.14 existing ADIB shares held. These rights allow shareholders, as well as investors who acquire rights during the trading period, to subscribe to new shares at an issue price of AED 16.45, as per the prospectus terms.

ADIB will act as the Sole Receiving Bank for this rights issue. From the start of the subscription period, applications can be submitted via the ADX ePortal and participating ADIB branches. Additionally, ADIB account holders have the convenience of subscribing digitally through the ADIB Mobile App using their existing digital credentials.

Rights trading on the Abu Dhabi Securities Exchange (ADX) is open until 16 November 2026, under the trading symbol 'ADIBRI26'. The subscription for new shares continues until 24 November 2026, and trading in the new shares is slated to begin on ADX on 18 December 2026.

The rights issue is designed to bolster ADIB's capital base, aiding in its growth and maintaining its commitment to sustainable long-term value creation for its shareholders. Shareholders who do not fully exercise their entitlement will retain their existing shares but will experience a dilution in their percentage ownership after the issuance of new shares, should they sell their rights.