{"id":110230,"date":"2025-12-11T00:00:00","date_gmt":"2025-12-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adcb-wraps-biggest-ever-adx-rights-issue\/"},"modified":"2025-12-11T00:00:00","modified_gmt":"2025-12-11T00:00:00","slug":"adcb-wraps-biggest-ever-adx-rights-issue","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/12\/11\/adcb-wraps-biggest-ever-adx-rights-issue\/","title":{"rendered":"ADCB wraps biggest-ever ADX rights issue"},"content":{"rendered":"

Abu Dhabi Commercial Bank (ADCB) wrapped up its <\/strong>AED 6.1 bn rights<\/a><\/strong>issue<\/a><\/strong>, drawing commitments of over AED 12 bn from local, regional, and international investors, according to an ADX disclosure (pdf)<\/a>.<\/p>\n

The lender said all 592.2 mn new shares were fully subscribed<\/strong>, at AED 10.3 each, with demand for additional shares running more than 3x the available amount, and allocated pro rata among investors who requested extra stock. Mubadala, the bank\u2019s largest shareholder, took up its full entitlement.<\/span><\/p>\n

This was the largest-ever rights issue by an ADX-listed firm. <\/strong>The move, first announced in September<\/a>, raises ADCB\u2019s paid-up capital to AED 7.9 bn, up from AED 7.3 bn, and supports its plan to maintain buffers ahead of tighter capital rules<\/a> for systemically important banks. Subscriptions ran from 18 November to 4 December<\/a>, with shares priced at AED 10.3 each \u2014 roughly a 30% markdown to the lender\u2019s early-September market close. <\/p>\n

IN CONTEXT- <\/strong>The raise follows ADCB\u2019s renewed mandates to issue up to USD 8 bn in debt<\/a> and USD 2 bn in capital instruments, and comes as the bank continues to clean up legacy exposures, including this year\u2019s USD 1.4 bn sale of distressed loans.<\/p>\n

ADVISORS- <\/strong>ADCB quarterbacked the transaction as the sole lead manager, bookrunner, and receiving bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

The lender said all 592.2 mn new shares were fully subscribed at AED 10.3 each<\/p>\n","protected":false},"author":1,"featured_media":110231,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[215,74,29,1391],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-abu-dhabi-commercial-bank","tag-adx","tag-capital-markets","tag-debt","wpautop","entry"],"acf":{"mongo_id":"b11c2f20-920d-40e2-bb10-bf30fdd7ddef","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1962.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADCB wraps biggest-ever ADX rights issue","related_issue":[110225],"teaser":"The lender said all 592.2 mn new shares were fully subscribed at AED 10.3 each","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.ba89d898-0d3d-4356-b585-1167439deee0.mp3"},"yoast_head":"\nADCB wraps biggest-ever ADX rights issue - 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