CEO: DIB doesn’t need another capital hike

By: Amr Adel

Dubai - Mubasher: Dubai Islamic Bank (DIB) doesn’t have any plans or intentions to raise its capital again after the rights issue in June, according to the bank’s CEO Adnan Chilwan.

The bank’s current capital is sufficient to support expansion plans until 2017, the CEO told Mubasher.

Last June, DIB increased its capital to AED 4.94 billion from AED 3.95 billion through the issuance of 988.44 million shares.

Translated by: Moslem Ali

MUBASHER Contribution Time: 24-Oct-2016 15:58 (GMT)
MUBASHER Last Update Time: 24-Oct-2016 15:58 (GMT)