Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved a Dh1.75 billion ($476 million) rights issue at a general assembly meeting, the bank announced. Under the plan, one new share will be offered for every 34.14 shares currently held, at a price of Dh16.45 per share, resulting in the issuance of more than 106 million new shares.
The offer price represents a 28.8 percent discount to ADIB's closing share price on August 24, a structure designed to make the rights issue attractive to existing shareholders. Once completed, the bank's issued share capital will rise from Dh3.632 billion to Dh3.738 billion.
ADIB chairman Jawaan Awaidah Al Khaili said the capital raise "will further strengthen the Bank's financial foundation and support the opportunities ahead under Vision 2035." Chief executive Mohamed Abdelbary said the additional equity "will provide greater capacity to fund this growth while maintaining capital strength."
The bank reported total assets of Dh304 billion ($82.8 billion) as of the first half of 2026, alongside a 28 percent return on equity for the same period. ADIB's balance sheet grew 24 percent during 2025, figures that underline the lender's continued expansion among regional Islamic banks as it moves to fund its next growth phase through the new capital.