Dubai – Mubasher: Subscription to Emirates Islamic Bank’s (EIB) rights issue worth AED 1.5 billion ended on Wednesday.
The subscription started on Wednesday, 14 December, according to a statement.
The bank has listed and traded AED 1.5 billion right issue at a reference price of 37 fils per share on 7 December, calling to subscribe for new shares from 14 to 28 December.
The rights issue will increase the bank's issued capital from AED 3.93 billion to AED 5.43 billion.
The new shares will be issued at a nominal value of AED 1 each.
