Emirates Islamic Bank (EIB) will suspend trading of its shares on the Dubai Financial Market (DFM) from Tuesday, June 10, 2025, and re-register all remaining shares not already held by Emirates NBD by June 13, the lender said in a statement to the exchange.
Shareholders were notified that the notice period for the mandatory acquisition by Emirates NBD ended on June 7, 2025. As of June 9, neither EIB nor Emirates NBD received any objections to the offer, which became unconditional in March after the acquirer secured the requisite approvals and cleared the 9% threshold for compulsory buy-out under UAE rules.
EIB’s share turnover has averaged just 3,414 traded shares over the past three months, compared with roughly 149 million shares of Emirates NBD over the same period, signalling minimal market disruption from the delisting move.
The Islamic lender reported a 24% rise in first-quarter net profit to Dh1 billion, up from Dh808 million a year earlier, as operating income climbed on higher financing margins and fee revenues.
