The Investment Corporation of Dubai commits to subscribe for its pro rata proportion of the total number of new shares to be issued pursuant to the Rights Issue of Emirates NBD

1 Min | 31 October 2019

Emirates NBD Bank PJSC ("Emirates NBD") refers to the announcement dated 17 October 2019 relating to the launch of its strategic Rights Issue

Dubai, UAE, 31st October 2019: Emirates NBD Bank PJSC ("Emirates NBD") refers to the announcement dated 17 October 2019 relating to the launch of its strategic Rights Issue to raise up to AED 6,450,000,000 (the "Rights Issue Announcement"). Unless otherwise defined, all capitalised terms used herein shall have the same meanings given to them in the Rights Issue Announcement.

Emirates NBD announced today that the Investment Corporation of Dubai ("ICD"), being the principal shareholder in Emirates NBD holding approximately 55.76% of the issued share capital of Emirates NBD, fully supports the Rights Issue and has agreed to exercise its rights to subscribe for its pro rata proportion of the total number of new shares to be issued pursuant to the Rights Issue. Following completion of the Rights Issue, ICD will continue to be the principal shareholder in Emirates NBD.

Enquiries: Please contact Emirates NBD's call centre at +971 4 316 0066.

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