Emirates NBD has finalised its compulsory acquisition of all remaining shares in Emirates Islamic Bank, following the absence of any objections from shareholders.
The compulsory acquisition process was initiated after Emirates Islamic Bank announced on 8 April 2025 that it had received notification from Emirates NBD regarding the enforced purchase of all shares held by those who had not accepted the initial offer.
This offer was originally extended in line with the terms outlined in an offer document dated 27 February 2025, according to the statement released on 9 June 2025.
The notice period for the mandatory acquisition concluded on 7 June 2025. As of 9 June 2025, neither Emirates Islamic Bank nor Emirates NBD had received any opposition to the acquisition.
Emirates Islamic Bank will request that the Dubai Financial Market suspend trading of its shares from Tuesday, 10 June 2025.
All outstanding shares in Emirates Islamic Bank not previously held by Emirates NBD will be transferred to Emirates NBD’s name in the shareholder register on or around 13 June 2025.
Emirates NBD will disburse the cash consideration to remaining Emirates Islamic Bank shareholders using the payment methods registered with Dubai CSD at the Dubai Financial Market.
