ADIB has announced that each shareholder will have the right to subscribe to 29 new shares for every 198 shares held on 10 Sept
By Kudakwashe, CPI Financial
ADIB has announced that each shareholder will have the right to subscribe to 29 new shares for every 198 shares held on 10 September 2018, subscription will start on 25 September and end on 9 October.
In a statement, ADIB said that each right grants its holder the eligibility to subscribe to one new share at an issue price of AED 2.16 per share, reflecting the nominal value of AED 1 per share and a share premium of AED 1.16 per share which represents a 45 per cent discount to the market share price.
The lender will act as the sole receiving bank and oversee the subscription process.
You can adjust all of your cookie settings by navigating the tabs on the left hand side.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.