Thursday 23, June 2016 by Robin Amlôt

Dubai Islamic Bank rights issue is credit positive, says Moody's

On 20 June, Dubai Islamic Bank PJSC (DIB) successfully closed an approximately AED 3.2 billion ($860 million) rights issue, thereby increasing the bank’s share capital to AED 4.9 billion from AED 3.9 billion as of March 2016 and boosting cash liquidity by AED 2.2 billion (share premium).

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