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Dubai Islamic Bank sees Huge Demand for Capital Raising Plan

Dubai Islamic Bank sees Huge Demand for Capital Raising Plan

The largest Islamic bank in the UAE, Dubai Islamic Bank has announced a successful closing to its capital raising program.

1.6 billion additional shares were issued at the price of AED3.11 per share with the aim to boost the core capital of the bank by over AED5 billion.

The transaction generated massive interest with subscriptions crossing AED14 billion.

The bank’s financial position has become stronger than ever before with improved asset quality and more robust balance sheet that offers even more opportunities to grow.

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