ADIB share sub­scrip­tion be­gins

The Pak Banker - - FRONT PAGE -

The sub­scrip­tion pe­riod for Abu Dhabi Is­lamic Bank's rights is­sue be­gins this Sun­day (Au­gust 23rd) and will run un­til Septem­ber 10th. Dur­ing this pe­riod, hold­ers of rights as at the end of the rights trad­ing pe­riod on Septem­ber 3rd will be able to sub­scribe to new shares at a price of 3 dirhams per share.

In­vestors wish­ing to ex­er­cise their right to buy new shares will need to sub­scribe by fill­ing in a sub­scrip­tion form at one of the 40 par­tic­i­pat­ing ADIB branches across the UAE. Rights hold­ers, who are also ADIB cus­tomers, can also sub­scribe to shares through ADIB's mo­bile phone app. An in­vestor num­ber must be pre­sented for sub­scrip­tion along with other re­quired doc­u­ments.

Each right grants its holder the op­tion to sub­scribe to one ADIB share at 3 dirhams per share. Hold­ers of rights will also have the op­tion to sub­scribe for ad­di­tional shares in ex­cess of the num­ber of rights that they hold which will be al­lo­cated in the event that un­sub­scribed shares re­main at the end of the sub­scrip­tion pe­riod.

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