Thndr Claps » EGY Claps » EGX 🔔 » 2nd stage of ADIB subscription covered by 344% ✅
The ClapThe 2nd subscription phase of ADIB’s (ADIB) capital increase was oversubscribed by 344%.The DeetsADIB clarified that investors subscribed to 28.01 million shares. Every subscriber will be issued 0.29 shares following the finalization of the 2nd subscription phase.The bank further clarified that the additional funds that led to the oversubscription will be returned to investors within one week from the close of the subscription.BackgroundADIB had finalized the first subscription stage after covering 95.9% of the available subscriptions.
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