Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) opens subscriptions for its Dh1.75 billion or roughly $476 million rights issue on November 10. The window for subscription will close on November 24, inclusive of both days.Shareholders who registered on November 2 received one right for every 34.14 shares held. Each right lets the holder buy one new share at Dh16.45 each. A shareholder with 3,414 shares holds 100 rights and will need Dh1,645 to take them up in full.Rights trade on the Abu Dhabi Securities Exchange will trade under the symbol “ADIBRI26” until November 16. The new shares are expected to begin trading on December 18.
