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| 11 October, 2018

BRIEF: Abu Dhabi Islamic Bank Raises AED 1 Bln Through Rights Issue

ABU DHABI ISLAMIC BANK ADIB.AD :

* RAISES 1 BILLION DIRHAMS THROUGH RIGHTS ISSUE AIMED AT SUPPORTING BANK’S GROWTH STRATEGY, OFFER FOR NEW SHARES WAS ABOUT 5 TIMES OVERSUBSCRIBED

* FOLLOWING CLOSE OF SUBSCRIPTION PERIOD ON OCTOBER 09, DESIGNATED 464 MILLION NEW SHARES WILL BE FULLY ALLOCATED ON OCT 16

* SUBSCRIPTION FOR 1 BILLION DIRHAMS ADIB RIGHTS ISSUE WAS COMPLETED ON OCTOBER 09, 2018 AND GENERATED INVESTOR DEMAND IN EXCESS OF 5 BILLION DIRHAMS

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Source: (https://bit.ly/2OVZAfs) Further company coverage: ADIB.AD

((Reuters.Briefs@thomsonreuters.com;))