Abu dhabi: The Board of Directors of Abu Dhabi Islamic Bank (ADIB) has approved a proposal to raise AED1.75 billion through a rights issue, subject to obtaining the necessary shareholder and regulatory approvals, including approval from the Central Bank of the UAE.

According to Emirates News Agency, the proposed rights issue supports the next phase of growth under Vision 2035, aiming to create sustainable long-term value for shareholders. ADIB has shown consistent growth over the past years, significantly expanding its business and customer base, and maintaining consistent dividend distributions. In the first half of 2026, ADIB's total assets reached AED304 billion, marking the first time the bank surpassed the AED300 billion milestone, following 24% asset growth in 2025.

This performance highlights the strength of ADIB's business model, with return on equity reaching 28% in 2024, 29% in 2025, and remaining at 28% in the first half of 2026. The rights issue will comprise 106,383,000 new ordinary shares at an issue price of AED16.45 per share, representing a 28.8% discount to ADIB's closing share price of AED23.10 on the Abu Dhabi Securities Exchange on 24th August 2026.

Eligible shareholders will be able to subscribe for approximately one new share for every 34.14 existing shares held. ADIB's major shareholders have confirmed their commitment to participate in the rights issue, indicating their continued confidence in the bank's strategy and long-term growth ambitions.

Jawaan Awaidha Suhail Al Khaili, Chairman of ADIB, emphasized the bank's focus on creating value for shareholders and the momentum built as they advance Vision 2035. Mohamed Abdelbary, Group CEO of ADIB, noted the bank's strong and profitable growth, highlighting the milestone of surpassing AED300 billion in total assets as a reflection of the bank's progress.

The rights issue remains subject to all required regulatory approvals and shareholder approvals, with further details to be announced in due course.