Emirates NBD's Acquisition of Emirates Islamic Bank (EIB)

Emirates NBD, the largest bank in Dubai by assets, has launched a mandatory cash offer to acquire the remaining 0.11% of shares in Emirates Islamic Bank (EIB), a subsidiary that operates under the Emirates NBD Group. The bank has put forward an offer price of AED 11.95 per share, which values the total outstanding stake at approximately AED 69.88 million.

This strategic acquisition is part of Emirates NBD’s ongoing efforts to consolidate its operations and streamline its business structure, further enhancing its operational efficiency. Following the successful completion of the transaction, Emirates NBD plans to integrate EIB fully, but EIB will continue to operate under its own brand name.


The transaction is expected to result in the delisting of EIB’s shares from the Dubai Financial Market (DFM). Once the offer is completed, Emirates NBD will hold 100% ownership of Emirates Islamic Bank, thereby further strengthening its position in the Islamic banking sector.

The offer is scheduled to close on March 27, 2025, and is contingent upon receiving necessary regulatory approvals from several authorities. These include the Central Bank of the UAE, the UAE Securities and Commodities Authority, and the Dubai Financial Market. These approvals are essential for the successful conclusion of the transaction.

As of now, Emirates NBD already holds 99.89% of EIB’s shares. The acquisition of the remaining shares aligns with the bank’s long-term strategy to enhance its market presence and provide a broader range of financial services to its customers, particularly in the growing Islamic finance sector.

This move further reflects Emirates NBD's commitment to expanding its footprint and maintaining its competitive edge in the UAE banking sector, offering comprehensive financial solutions while optimizing internal operations.

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