ADCB Raises $1.7 Billion in Record Rights Issue Amid Strong Investor Demand
Abu Dhabi Commercial Bank (ADCB) has raised $1.66 billion (AED 6.1 billion) through a rights issue, the largest ever for a company listed on the Abu Dhabi Securities Exchange (ADX). The offering attracted over $3.27 billion (AED 12 billion) in interest from local, regional, and international investors, showing strong confidence in the bank.
Strengthening Its Capital
The rights issue, which closed on December 4, was more than three times oversubscribed by shareholders other than the majority owner, Mubadala Investment Company. Mubadala fully subscribed to its entitlement, acting as a key supporter.
Any remaining shares that were not taken up will be distributed proportionally to investors who applied for extra shares.
ADCB said the funds raised will strengthen its capital ahead of upcoming regulatory changes and help accelerate its technology-focused growth plans. The bank acted as the sole lead manager, bookrunner, and receiving bank for the transaction, highlighting its strong capabilities in capital markets as it prepares for future expansion.
Group CEO Ala’a Eraiqat said the high demand shows strong market trust in ADCB. “Our shareholders have fully endorsed ADCB. We are entering an ambitious phase of tech-led growth that will create long-term value for investors, customers, and the wider economy,” he added.
Strong Financial Performance
This successful fundraising comes after a strong financial performance this year. ADCB reported a profit before tax of $2.48 billion (AED 9.1 billion) in the first nine months of 2025, an 18% increase compared to last year. This marks the bank’s 17th straight quarter of profit growth.
Supported by the UAE’s strong economic fundamentals, the bank continued to expand its balance sheet. Net loans rose by $15.5 billion (AED 57 billion) year-on-year to more than $108.9 billion (AED 400 billion), while customer deposits grew by $20.7 billion (AED 76 billion) to $131.2 billion (AED 482 billion). Current and savings account deposits increased by $12.8 billion (AED 47 billion) and now account for 45% of total deposits.
ADCB’s focus on digital transformation and improving efficiency helped maintain steady growth. Its cost-to-income ratio fell to 27.7%, while non-interest income jumped 34% in the first nine months. Asset quality remained strong, with non-performing loans falling to a record low of 1.86% and provision coverage rising to 187%.
Looking Ahead
The record rights issue, combined with strong financial performance, positions ADCB for its next stage of growth. With a solid capital base and ongoing digital transformation, the bank is ready to expand its services, invest in new technologies, and create long-term value for shareholders, customers, and the economy.
Published: 11th December 2025
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