DIB’s rights issue about almost two times oversubscribed
Dubai Islamic Bank (DIB)’s AED5.1bn rights offering gets subscriptions in excess of AED14bn, according to a statement. More than 50% interest came from foreign institutional investors.
Dubai Islamic Bank (DU): AED5.13 as of 10 Jun. 2018, Rating: Buy, TP: AED6.20/share, MCap: USD6,908mn, DIB UH/DISB.DU
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