ADIB Egypt Closes Second Phase of Capital Increase After Strong Shareholder Demand
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced the closure of subscription for the second phase of its capital increase at the end of business on Sunday, following strong demand from shareholders.
In a disclosure to the Egyptian Exchange, the bank stated that the second phase was launched as a continuation of the first phase of the capital increase, which achieved a coverage rate of 98.5446%, with subscriptions totaling 295.63 million shares, according to the bank’s letter dated December 7, 2025.
ADIB Egypt noted that the Financial Regulatory Authority (FRA) had approved inviting existing shareholders to subscribe to the remaining shares from the first phase, amounting to 4,366,084 shares, at a nominal value of EGP 10 per share, plus EGP 0.10 issuance expenses, without being restricted by original ownership ratios and under the same subscription terms.
The subscription period for the remaining shares ran from January 4 to January 11, 2026.
The bank confirmed that 422.65 million shares were subscribed to during the second phase, representing an oversubscription rate of approximately 96.8 times. Accordingly, around 0.01033 shares will be allocated for each subscribed share, with fractional shares to be rounded in favor of small shareholders.
ADIB Egypt also stated that excess subscription amounts will be refunded within one week from the closing date of the subscription period.