Please wait...
GulfBase Live Support
- Saudi riyal symbol: strategic step toward global financial standing
- Bahrain All Share Index, Islamic Index close lower
- Oman's non-oil exports fall 16% in 2024; re-exports rise 15%
- Oman ranks 58th in 2025 Economic Freedom Index
- QCB foreign reserves grow 3.81% in February 2025
- Doha Bank announces exclusive benefits for NRIs on Visa Platinum Debit Card
- China-US trade war heats up with Beijing's tariffs to take effect
- Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
- Qatar's international reserves climb 3.81% to $70.29bn in February
- Closing Bell: Tadawul rises on positive trading day, Nomu follows suit
30/01/2018 05:52 AST
Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares.
Shareholders will have a right to buy one share for every three shares held and will have a nominal value of Dh1, and the rights may be at a discount to market price, the bank said a statement posted on the Dubai Financial Market. Dubai Islamic Bank shares closed 0.62 per cent higher at Dh6.53.
"The basis of determining the rights issuance price [is] to be discussed and approved and the AGM to authorise the bank's board of directors to take all necessary actions to determine the amount, timing and details of the capital increase...," the bank said in a statement.
After the rights issue, the paid-up capital will increase to Dh6.58 billion from the present Dh4.94 billion.
The AGM will also pass a special resolution to authorise the board to issue a sukuk of not exceeding $5 billion. The shareholders will also discuss and approve the cash dividend distribution of 45 fils per share or Dh2.219 billion for last year. The agenda will be discussed at the annual general meeting on February 21.
Gulf News
01/04/2018
Dubai Land Department (DLD) has signed an e-mortgage agreement with Dubai Islamic Bank (DIB), which was signed by His Excellency Juma Bin Humaidan, Deputy Director General of DLD, and His Excellency
Media Office Dubai
26/03/2018
Dubai Islamic Bank (DIB), the UAE's largest Islamic Bank on Sunday launched MyHome, a new home finance product that is set to change the face of home finance in the UAE.
The bank said the n
Gulf News
21/02/2018
The Dubai Islamic Bank, DIB, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai.
The Sukuk is the first benchmark dollar-denominated Sukuk fr
The Gulf Today
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.50 | -0.10 (-0.03 |
| FAB | 14.34 | -0.12 (-0.83 |
| EMIRATESNBD | 20.80 | 0.05 (0.24 |
| ADCB | 10.72 | -0.86 (-7.43 |
| ADIB | 17.76 | -0.18 (-1.01 |
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia