The board of Abu Dhabi Commercial Bank PJSC (ADCB) has approved a rights issue to raise Dh6.1 billion to accelerate organic asset growth and meet regulatory requirements.
The bank plans to increase issued capital from Dh7.32 billion to Dh7.91 billion by issuing up to 592 million new shares. Each share is priced at Dh10.30, comprising Dh1 nominal value and a Dh9.30 premium, representing a 30% discount to the closing price on September 4, 2025.
Mubadala Investment Company, ADCB’s majority shareholder, has confirmed it will subscribe in full for its entitlement under the rights issue and supports the board’s recommendation.
Over the past 12 months, ADCB delivered a total shareholder return exceeding 75%. The bank reaffirmed dividend guidance of approximately Dh25 billion in distributions over the next five years—50% more than the previous five-year period.
A General Assembly meeting is scheduled for October 13, 2025, for shareholders to vote on the proposal, contingent on regulatory approvals. Full terms, including the ex-rights date and subscription period, will be announced after approvals from the UAE Central Bank, the Securities and Commodities Authority, and shareholder ratification.
