ADIB Opens Subscription for Dh1.75 Billion Rights Issue on November 10

The bank is offering up to 106.38 million new ordinary shares at Dh16.45 each, made up of the Dh1 nominal value and a Dh15.45 share premium. That price is 28.8% below ADIB's closing price on August 24, 2026. Shareholders on the register on the eligibility date of November 2 received about one subscription right for every 34.14 shares they held, and each right entitles the holder to one new share. The subscription period closes on November 24.

For existing investors the choice is whether to put in more money or sell their rights. Those who do neither keep their shares but will be diluted once the new stock is issued. If the issue is fully taken up, ADIB's paid-up share capital will rise from Dh3.632 billion to about Dh3.738 billion.

The subscription rights have traded on the Abu Dhabi Securities Exchange since November 4 under the symbol ADIBRI26 and will stop trading on November 16, according to the bank's published timetable. Buying rights on the exchange does not by itself secure new shares, the bank has said. Holders still have to subscribe within the offer period.

ADIB is the sole receiving bank. Shareholders can subscribe through the ADX ePortal or at participating ADIB branches, and existing customers can also apply through the ADIB mobile app. The new shares are expected to begin trading on ADX on December 18.

Shareholders approved the capital increase on October 6, and the Central Bank of the UAE and the Capital Market Authority have given their approvals, Khaleej Times reported.

ADIB has said the extra equity will support growth while keeping its capital position strong. Group chief executive Mohamed Abdelbary said the new capital gives the bank "greater capacity to fund this growth", according to Khaleej Times. The bank did not give a capital ratio target in its disclosures on the offer.

The raise comes after a period of rapid balance-sheet growth. ADIB's total assets passed Dh300 billion to reach Dh304 billion at the end of the first half of 2026. Its return on equity was 28% in the first half, compared with 29% in 2025 and 28% in 2024.

The offer will be the bank's first test of investor appetite since the regional conflict that has unsettled Gulf markets in recent weeks. The take-up rate should be clear when subscriptions close on November 24, and allocation will follow before the new shares list in mid-December.