The rights issue will increase ADIB's share capital from AED 3,168,000,000 to AED 3,632,000,000. ADIB will act as the sole receiving bank and oversee the subscription process. ADIB's capital raise plans will allow the bank to focus on expanding its retail business and providing market-leading digital banking services, while capturing opportunities across corporate, transaction and correspondent banking. ADIB reported a 3 percent increase in net profit for the first half of 2018, which reached AED 1.16 billion. Group revenues continued to grow, while the bank maintained a disciplined approach to cost and risk management. The bank paid a dividend of 28.87 percent of share capital for 2017, representing 39.76 percent of full year net profits. On September 15, ADIB announced that it had successfully raised US$750 million of additional Tier 1 through a perpetual sukuk that complies with the Basel III regulatory framework issued by the Central Bank of the UAE.