Abu Dhabi Islamic Bank (ADIB) has officially received shareholder approval to launch a rights issue aimed at raising Dh1.75 billion in gross proceeds. This strategic move involves increasing the bank’s issued and paid-up share capital from Dh3.632 billion to Dh3.738 billion. Under the approved plan, the bank will issue over 106 million new shares at a price of Dh16.45 each, which includes a nominal value of Dh1 and a significant share premium of Dh15.45. Shareholders will have the opportunity to purchase approximately one new share for every 34.14 shares they currently own, with the offer priced at a 28.8 percent discount relative to the bank's closing stock price on August 24.

Group CEO Mohamed Abdelbary emphasized that this capital injection is vital for supporting the bank's long-term objectives under Vision 2035. With total assets now exceeding Dh300 billion and a strong track record of profitability—including a return on equity of 28 percent in the first half of 2026—the bank is well-positioned for its next expansion phase. The additional funding will be directed toward accelerating digital transformation and AI integration, ensuring that ADIB maintains a robust capital base while continuing to deliver value to its stakeholders.