Dubai’s Emirates Islamic Bank (EIB) will no longer be traded on the Dubai Financial Market (DFM) starting June 10, 2025. This decision follows Emirates NBD’s move to purchase all shares in EIB that it does not already own.

A statement from EIB confirmed that it will instruct the DFM to suspend trading of its shares effective from the specified date. Furthermore, all remaining EIB shares not held by Emirates NBD will be re-registered in the name of Emirates NBD in EIB’s share register on or around June 13, 2025.

Emirates NBD will also handle the settlement of any cash payments owed to the remaining EIB shareholders. These payments will be made through the relevant payment methods as registered with Dubai Central Securities Depository (CSD) at DFM by those shareholders.