Dubai – Mubasher: Emirates NBD on Monday revealed it has not officially appointed any banks for a potential rights issue.
This came as a response to the recently published news on Bloomberg, according to a statement to the Dubai Financial Market (DFM).
On Sunday, Bloomberg reported that Emirates NBD was nearing the appointment of Citigroup Inc. and Morgan Stanley to manage a rights share offering valued at $2 billion.
Last Thursday, Emirates NBD Bank said it had sold an aggregate of 52.6 million ordinary shares in the share of capital of Network International Holdings Plc, a UK-based holding company.
The DFM-listed bank previously announced it plans to raise foreign ownership limit (FOL) to 40% in the future.
