Emirates Islamic Bank (EIB) has announced its decision to delist from the Dubai Financial Market (DFM) following the full acquisition of its shares by Emirates NBD.
In a statement issued to the DFM, EIB confirmed it would request the suspension of trading in its shares from Tuesday, 10 June 2025. It added that any remaining shares not already owned by Emirates NBD would be transferred to the bank’s name in EIB’s share register on or around 13 June 2025.
The Shariah-compliant financial institution stated it had received formal notice from Emirates NBD regarding the compulsory acquisition of all shares held by shareholders who did not accept its initial offer, in line with the Offer Document dated 27 February 2025. This move is aimed at securing full ownership of EIB’s issued and paid-up capital.
EIB also informed shareholders that the notice period for the mandatory acquisition concluded on 7 June 2025.
