Dubai – Mubasher: Emirates Islamic Bank (EIB) has listed and traded AED 1.5 billion right issue at a reference price of 37 fils per share, according to press release.
The bank noted that the maturity date of subscription of capital hike shares was on 30 November.
Moreover, the bank called on the shareholders to subscribe for new shares on 14 December, after the approvals given by the general meeting and the Securities and Commodities Authority (SCA).
On 5 October, the bank’s shareholders approved increasing the capital from AED 3.93 billion to AED 5.43 billion through a rights issue worth AED 1.5 billion.
