Emirates NBD announced today that it has closed the door for eligible individuals to subscribe for the new shares, which will be issued under a capital increase of AED 6.45 billion.

Investors' requests from the UAE and the Middle East, as well as international investors, have both increased in the IPO of Emirates NBD's capital increase, which exceeded AED 18 billion in total funded commitments, the bank said in a statement. Coverage of the IPO is approximately 2.8 times.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, said: “We would like to express our great appreciation for the outstanding response of our existing Emirates NBD shareholders in our first IPO and thank them for their support and trust. The bank and its financial position ».

He added that this response will strengthen and support the Bank's balance sheet and will play a role in helping the Bank achieve further progress. We will continue to grow and remain fully committed to our shareholders.

As of November 20, 2019, foreign investors had subscribed to over AED 11 billion capital increase, equivalent to 62.6% of the total liabilities financed by all investors.