Saturday 18 January 2020

Dubai Islamic $871m rights issue oversubscribed

DUBAI, June 26, 2016

Dubai Islamic Bank has completed its Dh3.2 billion ($871.3 million) rights issue aimed at bolstering its capital, with the issue roughly three times oversubscribed, it said on Sunday.

The rights issue will increase the share capital of the bank from Dh3.95 billion to Dh4.94 billion, through the issuance of 988.4 million new shares, it said in the statement. – Reuters


Tags: Dubai Islamic Bank | rights issue |

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