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