Summary
Abu Dhabi Islamic Bank's Board of Directors has approved a proposal to raise AED 1.75 billion through a rights issue, pending necessary approvals. This initiative aims to support the bank's growth under Vision 2035, reflecting its strong performance with total assets surpassing AED 304 billion. The rights issue will offer existing shareholders the chance to maintain their ownership proportion. Major shareholders have expressed commitment to participate, showcasing confidence in ADIB's strategy and long-term growth potential.