EIB unveils details on rights issue

Dubai – Mubasher: Emirates Islamic Bank (EIB) has invited its shareholders to subscribe for new shares in the bank from 14 to 28 December, according to a statement.

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.

EIB's shareholders earlier approved the increase of the bank's capital from AED 5 billion to AED 10 billion.

 

Mubasher Contribution Time: 06-Dec-2016 07:29 (GMT)
Mubasher Last Update Time: 06-Dec-2016 07:29 (GMT)