Abu Dhabi, August 26, 2015: Abu Dhabi Islamic bank announced today that it has started offering rights holders who are also its customers, the ability to subscribe to the ADIB Rights Issue through the ADIB internet banking portal and the ADIB mobile banking smartphone application. This offering is the first of its kind in the UAE and comes as part of ADIB's proven focus on providing its customers with relevant digital banking services.
The subscription period will run until September 10th. During this period all holders of rights, as at the end of the rights trading period on September 3rd, will be able to subscribe to new and additional shares at a price of 3 dirhams per share.
Holders of ADIB's rights, who are also customers of the Bank, wishing to subscribe digitally can now do so through the ADIB internet banking portal at www.adib.ae or through their ADIB mobile banking application for iOS and Android. This is in addition to the ability for all rights holders, including non-ADIB Banking customers, to visit one of the 40 participating ADIB branches across the UAE. In all cases, an investor number must be presented for subscription along with other required documents.
Each right grants its holder the option to subscribe to one ADIB share at 3 dirhams per share. Holders of rights will also have the option to subscribe for additional shares in excess of the number of rights that they hold which will be allocated in the event that unsubscribed shares remain at the end of the subscription period.
The rights, for ADIB's AED 504 million Rights Issue, will continue to be traded on the Abu Dhabi Securities Exchange until September 3rd. During the trading period, holders of rights who do not wish to subscribe to new shares still have the option to sell all or part of their rights.
For more information, investors can contact the dedicated call center telephone number on 02 6520878 or visit rightsissue.adib.ae
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Amr
Amr Deeb
Executive
© Press Release 2015
