ADIB Shareholders Approve AED1.75 Billion Capital Raise
Abu Dhabi Islamic Bank's General Assembly has endorsed a rights issue to strengthen its capital base and support ambitious growth plans aligned with Vision 2035.
Abu Dhabi Islamic Bank (ADIB) has secured shareholder approval for a capital increase through a rights issue expected to generate approximately AED1.75 billion in gross proceeds, marking a significant milestone in the institution’s expansion strategy.
The resolution passed at the bank’s General Assembly Meeting on Tuesday with the requisite shareholder majority, reflecting confidence in ADIB’s strategic direction and long-term value creation objectives.
Capital Structure and Share Details
The proposed rights issue comprises 106,383,000 new shares priced at AED16.45 each, comprising a nominal value of AED1 and a share premium of AED15.45. Upon completion, ADIB’s issued and paid-up share capital will increase from AED3,632,000,000 to AED3,738,383,000.
The issue price represents a discount of approximately 28.8 per cent to the bank’s closing share price on the Abu Dhabi Securities Exchange on 24th August 2026. Eligible shareholders will be entitled to subscribe for approximately one new share for every 34.14 existing shares held, in accordance with the final subscription terms.
Strategic Vision and Growth Prospects
Jawaan Awaidah Al Khaili, Chairman of ADIB, highlighted the significance of shareholder endorsement, stating that the approval reflects confidence in the bank’s strategy and franchise strength. The capital raise will fortify the bank’s financial foundation whilst supporting opportunities emerging under Vision 2035.
Mohamed Abdelbary, Group Chief Executive Officer, emphasised ADIB’s robust growth trajectory, noting that the institution has surpassed AED300 billion in total assets. He identified substantial opportunities to expand core businesses, deepen customer relationships and accelerate digital and artificial intelligence capabilities through the additional equity capital.
The capital injection will enable ADIB to pursue its growth ambitions whilst maintaining requisite capital strength and generating sustainable long-term returns for shareholders, underscoring the bank’s commitment to disciplined execution and value creation.
Source: WAM