Emirates NBD announced that it is proposing to increase its issued capital by AED 758.82 million to AED 6.316 billion, compared to AED 5.557 billion through the issuance of new shares of 758,823,529 shares in the bank's new shares. For the purpose of raising up to AED 6.45 billion, including a premium of AED 7.5 per new share, through rights issue.
The bank said in a statement today that it had published an invitation to shareholders to subscribe to the new shares. Questions and answers related to the rights issue will be available on the Bank's website (www.emiratesnbd.com).

The new shares will be issued at an issue price of 8.5 dirhams per new share, the issue price, reflecting the nominal value of 1 dirham per new share and a premium of 7.5 dirhams per new share. This represents a 35.36% discount on the price of each Emirates NBD share on the DFM as of the closing date on 16th October.
The new shares will be categorized on an equal footing with existing Emirates NBD shares, including the right to receive all future dividends and other dividends announced, realized or paid after October 31, including any dividends approved and paid for. Emirates NBD for the financial year ended 31 December 2019.