Dubai-Mubasher: The rights issue of Dubai Islamic Bank (DIB) will be tradable on Dubai bourse from 30 May till 13 June, according to a statement.
The opening price of the rights issue was set at AED 1.98 based on the bank’s adjusted share price on the market minus the issuing price of the new shares.
Subscription to DIB’s new shares will take place from 7 to 20 June.
DIB aimed to increase its capital to AED 4.94 billion through the issuance of 988.44 million shares with an issue price of AED 3.2.
