Dubai – Mubasher: Subscription on Dubai Islamic Bank’s (DIB) new shares has begun on Wednesday, 23 May and will be continued until the end of 26 May.

The UAE's largest Islamic lender offers 1.64 billion shares at issue price of AED 3.11 per share to increase the Islamic bank’s capital to AED 6.58, according to an official statement.

The Dubai-listed bank aims to utilise the subscription returns to support its capital base.

By 11:00 am UAE time, DIB’s stock stood at AED 4.78 on the Dubai Financial Market (DFM) after 1.042 million shares were traded, generating AED 5 million.