ADIB enables digital solutions to Support UAE Ipos’push

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription to initial public offerings (IPOS) that were issued this year through its mobile app. 80% of clients subscribed IPOS that were issued in 2022 through ADIB Mobile app in just a few clicks.

Adibalsomarksasignificantmilestonebyacting as a receiving bank for two IPOS simultaneously Americana and Taleem where customers are able to subscribe and apply for additional subscription leverage to both through its mobile banking.

ADIB is providing a quick and easy end-to-end process for IPOS subscriptions through mobile app.

The app will provide an exceptional experience for digital subscription easily in without the need to visit the bank or submit paper transactions, in addition to its other digital services.

Customers can register their interest in upcoming IPOS, follow listing dates, apply for additional subscription leverage and make IPOS payment.

ADIB is at the forefront of digital transformation, constantly investing in innovative solutions, tools, and plaforms to enhance their customers’ digital banking experiences. With this in-app subscription, customers can now receive important information on IPO subscriptions, key highlights on the listed organisations, push notifications, and information on consumer protection rights with additional security features for payments.

Dr Amer Al Ameri, Head of Private Banking, ADIB said: “IPO investments are surging in the region and the UAE will continue to experience an IPO boom in the coming year, we are proud to support the strategy of UAE government.”