Emirates NBD has acquired the remaining 0.11% stake in Emirates Islamic Bank (EIB), triggering a full delisting of EIB from the Dubai Financial Market (DFM).
The Dubai-based lender has acquired the outstanding shares at AED 11.95 each, amounting to approximately AED 69.8m ($19m), according to a company statement. EIB will continue to operate under its existing commercial licence as a wholly owned subsidiary.
DFM suspended trading of EIB shares on 10 June 2025. The final transfer of shares and payment settlement is expected to be completed by mid-June.
Shareholders who have yet to receive paymet have been advised to contact Dubai Central Securities Depository, the official body responsible for settlement and share transfers on DFM.
The compulsory acquisition process began after EIB announced on 8 April 2025 that it had received notice from Emirates NBD to enforce the buyout of shares held by those who had not accepted the initial offer made in February.
