Emirates NBD (ENBD) Completed Mandatory obtained all remaining part of Emirates Islamic Bank after no shareholders are opposed to getting acquired.
The Mandatory Acquisition process began when announced by Emirates Islamic Bank on April 8, 2025 received this announcement from Emirates NBD about all parts that did not accept the first bank offer.
The original offer was made consistent with the terms placed in an offer document dated on February 27, 2025, according to advertisement made on June 9, 2025.
Emirates NBD secured full ownership
The announcement period for mandatory acquisition ended on June 7, 2025. On June 9, 2025, by Emirates Islamic Bank or Emirates NBD received any mandatory objections.
Emirates Islamic Bank will appoint the Dubai Financial Market to suspend trade on parts from Tuesday, June 10, 2025.
All remaining parts of Emirates Islamic Bank who have not been owned by Emirates NBD also registered in the name of Emirates NBD at Indue 13, 2025.
Emirates NBD will settle money consideration for the remaining EXPERHOLDERS at Emirates Islamic Bank by payment methods registered with Dubai CSD in Dubai Financial Market.
The process of paying income from the mandatory captured by shareholders is expected to start on or around 9 June 2025.
Shareholders who do not register with a Dubai CSD payment method should contact the organization to update their payment information and receive their currency consideration within six months of the notice date.
After this time, shareholders should contact the bank bank at Emirates Islamic at Emirates NBD directly to receive their currency consideration.
For more information, shareholders can contact customer service in Dubai Financial Market on the phone or email.
The claim provides APBD owners 100 percent ownership of Emirates Islamic Bank at Bank at Emirates Bank and Paid Capital.
Dr Ahmed Alkhalfawi, Legal Legal to Emirates Islamic Bank, signed the announcement confirming the process of Mandatory Acquisition.
