Dubai Financial Market (DFM) today announced that the rights issue of “Dubai Islamic Bank” is due to be tradable on the exchange between Monday, 30 May 2016 until 13 June 2016. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans to issue as part of its capital increase, to sell all or part of their rights to other investors who do wish to subscribe. The rights issue is a financial instrument representing the rights that are legally granted to the company's shareholders to have priority in subscribing for the company's capital increase shares that will be issued.
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