Abu Dhabi Islamic Bank (ADIB) said the subscription period for its AED1.75 billion rights issue opens on 10 November 2026 and runs until 24 November 2026, both days inclusive. Each right entitles its holder to one new share at an issue price of AED16.45.
The bank plans to issue up to 106,383,000 new ordinary shares, lifting its issued share capital from AED3.632 billion to up to AED3.738 billion. The issue price includes a share premium of AED15.45 over the AED1.00 nominal value and represents a 28.8% discount to ADIB's closing share price on 24 August 2026.
HOW SHAREHOLDERS TAKE PART
Shareholders registered on the eligibility date of 2 November 2026 were allocated one right for every 34.14 ADIB shares they held. ADIB is accepting applications through the ADX ePortal and participating branches, and its account holders can also subscribe through the ADIB Mobile App.
The rights themselves trade on the Abu Dhabi Securities Exchange until 16 November 2026 under the symbol ADIBRI26, and trading in the new shares is expected to start on 18 December 2026. Shareholders who do not take up their entitlement in full keep their existing shares, but their percentage ownership will be diluted, including where they sell their rights.
APPROVALS AND A LARGER BALANCE SHEET
Shareholders approved the capital increase at a general assembly on 6 October 2026, and the bank has received the required approvals from the Central Bank of the UAE and the Capital Market Authority. ADIB has said its major shareholders confirmed their intention to subscribe for their entitlements, and the 28.8% discount was measured against a closing price of AED23.10 on 24 August.
Total assets reached AED304 billion at the end of the first half of 2026, above AED300 billion for the first time in the bank's history, after asset growth of 24% in 2025. They stood at AED318 billion at the end of September.
Net profit after tax rose 6% to AED5.6 billion in the first nine months of 2026, and customer financing grew 25% year on year. Total equity rose 11% to AED34 billion, and the common equity tier 1 ratio was 12.4% at the end of September.
CAPITAL FOR VISION 2035
The UAE has the largest banking system in the GCC by assets, with AED5.59 trillion held by banks at the end of June 2026, and its Islamic banking is anchored by Dubai Islamic Bank and Abu Dhabi Islamic Bank.
THE TGB VIEW
In the TGB Bank Rankings for the Middle East & North Africa, which rank banks by total assets in US$ billions and also show equity, Abu Dhabi Islamic Bank is 23rd with assets of US$76.5 billion and equity of US$8.4 billion at the end of 2025, an equity-to-assets ratio of 11.0%. Dubai Islamic Bank, which with ADIB anchors Islamic banking in the UAE according to TGB's market profile, ranks 15th with US$113.3 billion of assets at the end of 2025 and a ratio of 12.0%. Rights trading ends on 16 November and subscription closes on 24 November, with the new shares expected to trade from 18 December.
Related: Abu Dhabi Islamic Bank posts record H1 2026 pre-tax profit of AED 4.3 billion, ROE of 28%
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