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Emirates NBD unit plans $408m rights issue
The Islamic unit of Emirates NBD, Dubai's largest listed bank, intends to begin a AED1.5bn ($408m) rights issue this month. Emirates Islamic Bank will increase its capital to AED3.93bn through the offering of 1.5 billion shares at 1 dirham each between January 25 and February 3, it said in a…
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Click here to read the full story: Arabian Business