{"data":{"id":"a2e01c5d-9d0a-4bb7-8159-315b97bf8b19","type":"article","translation_group_id":"a2e01c5d-9962-4073-87b8-b6c8b8c1e8a3","language":"en","content_type":"announcement","title":"Invest Bank calls GA for 82.18:1 reverse share split","dek":"Shareholders will vote on 15 October on consolidating shares so the nominal value rises to AED 1.00 while issued capital stays unchanged.","slug":"invest-bank-ga-reverse-share-split-15-oct-2026","published_at":"2026-10-01T05:12:40+00:00","updated_at":"2026-10-01T05:58:56+00:00","primary_category":{"id":"5","type":"category","key":"banking","name":"Banking & Finance","slug":"banking-finance","summary":"Banks, finance companies, insurers, sukuk, and monetary-policy-linked financial news.","seo_title":"Banking & Finance | Capital Wire","meta_description":"Banks, finance companies, insurers, sukuk issuances, and monetary-policy-linked financial news across UAE and broader GCC markets."},"featured_media":{"id":"a2e01c23-24e2-4ed5-9f4f-9a6356c94d4d","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/d6bd2130c797e01d026cd52f31c460cfdbbff5ace52cf6d309cb59b0898b7181.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/d6bd2130c797e01d026cd52f31c460cfdbbff5ace52cf6d309cb59b0898b7181-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/d6bd2130c797e01d026cd52f31c460cfdbbff5ace52cf6d309cb59b0898b7181.webp 1200w","width":1200,"height":630,"alt":"Invest Bank calls GA for 82.18:1 reverse share split \u2014 Capital Wire","caption":"INB reverse share split GA invitation \u2014 1 October 2026","credit":"ADX \/ Capital Wire","license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d7fefd-1645-4588-bedb-6b49e6cbb7f8","type":"entity","entity_type":"company","collection":"companies","name":"Invest Bank P.J.S.C","slug":"invest-bank-pjsc","ticker":"INB","is_primary":true},{"id":"a2de49ec-e234-4a3e-8a21-8f7e689df60f","type":"entity","entity_type":"exchange","collection":"exchanges","name":"Abu Dhabi Securities Exchange","slug":"adx","ticker":null,"is_primary":false},{"id":"a2de49f4-7481-4e6c-86f3-ad83fecfdf12","type":"entity","entity_type":"country","collection":"countries","name":"United Arab Emirates","slug":"uae","ticker":null,"is_primary":false}],"flags":{"breaking":false,"featured":true,"correction":false},"subtitle":null,"executive_summary":"Invest Bank P.J.S.C invited shareholders to a General Assembly on 15 October 2026 at 11:00 to approve an 82.18:1 reverse share split that raises the nominal value to AED 1.00 while leaving issued capital unchanged at AED 3,202,492,929. The circular cites preliminary CBUAE no-objection and CMA and ADX approvals; trading would suspend for five days around the effective date.","key_points":["Invest Bank P.J.S.C scheduled a General Assembly for 15 October 2026 at 11:00 in Sharjah, with virtual attendance, to vote on a reverse share split.","The proposed 82.18:1 consolidation would cut issued shares from 263,180,982,143 to 3,202,492,929 while keeping capital at AED 3,202,492,929 and lifting the nominal value from AED 0.0122 to AED 1.00.","Invest Bank\u2019s 23 September 2026 circular says the consolidation has preliminary CBUAE no-objection and CMA and ADX approval.","Trading in Invest Bank shares would suspend for five trading days around the effective date, with ADX adjusting the reference price; the ISIN would not change.","If 50% quorum is not met on 15 October 2026, Invest Bank set a second meeting for 22 October 2026; the invitation states no dividend proposal."],"body":[{"type":"paragraph","text":"Invest Bank P.J.S.C (INB) invited shareholders to a General Assembly on Thursday 15 October 2026 at 11:00 at its head office in Al Nad, Al Qasimia, Sharjah, with virtual attendance also available, to consider a proposed reverse share split."},{"type":"paragraph","text":"The special resolution seeks approval of an 82.18:1 consolidation under which every 82.18 ordinary shares of nominal value AED 0.0122 would become one ordinary share of nominal value AED 1.00. Total issued share capital would remain AED 3,202,492,929, while the number of issued shares would fall from 263,180,982,143 to 3,202,492,929."},{"type":"paragraph","text":"The bank\u2019s shareholder circular dated 23 September 2026 says the consolidation has received preliminary no-objection from the Central Bank of the UAE and approval from the Capital Market Authority and Abu Dhabi Securities Exchange. Article 5 of the Articles of Association would be amended to reflect the new share count and nominal value."},{"type":"paragraph","text":"Trading in the bank\u2019s shares would be suspended for five trading days around the effective date, with ADX adjusting the reference price using the pre- and post-consolidation share counts. Shareholders holding 82 shares or fewer before the consolidation would receive one new share; other fractional entitlements would be rounded down, aggregated, sold on ADX, and the net proceeds distributed pro rata, with the bank bearing the applicable service fee. The ISIN would not change."},{"type":"paragraph","text":"Ordinary agenda items include authorizing the meeting chairman to appoint the secretary and vote collector, and absolving a former board member from liability. The invitation states there is no proposal to distribute dividends. If quorum of at least 50% of capital is not met, a second meeting is set for Thursday 22 October 2026 at the same time and place. Special resolutions require approval by shareholders representing at least three-quarters of the shares represented at the meeting."},{"type":"paragraph","text":"Related documents are available on the bank\u2019s website and on ADX."}],"seo":{"seo_title":"Invest Bank GA for 82.18:1 reverse split | Capital Wire","meta_description":"Invest Bank invites shareholders to a 15 Oct 2026 GA to approve an 82.18:1 reverse share split; capital stays AED 3.20bn.","og_title":"Invest Bank GA for 82.18:1 reverse split | Capital Wire","og_description":"Invest Bank invites shareholders to a 15 Oct 2026 GA to approve an 82.18:1 reverse share split; capital stays AED 3.20bn.","social_image":{"id":"a2e01c23-24e2-4ed5-9f4f-9a6356c94d4d","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/d6bd2130c797e01d026cd52f31c460cfdbbff5ace52cf6d309cb59b0898b7181.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/d6bd2130c797e01d026cd52f31c460cfdbbff5ace52cf6d309cb59b0898b7181-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/d6bd2130c797e01d026cd52f31c460cfdbbff5ace52cf6d309cb59b0898b7181.webp 1200w","width":1200,"height":630,"alt":"Invest Bank calls GA for 82.18:1 reverse share split \u2014 Capital Wire","caption":"INB reverse share split GA invitation \u2014 1 October 2026","credit":"ADX \/ Capital Wire","license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"1","type":"topic","key":"adx","name":"ADX","slug":"adx","summary":"Abu Dhabi Securities Exchange listings, filings, index moves, and market-structure developments.","seo_title":"ADX Market News | Capital Wire","meta_description":"Coverage of Abu Dhabi Securities Exchange listings, corporate filings, index moves, and ADX market-structure news for investors."},{"id":"11","type":"topic","key":"wire-brief","name":"Wire Brief","slug":"wire-brief","summary":"Short Capital Wire briefs on market-moving filings, notices, and overnight developments.","seo_title":"Wire Brief | Capital Wire","meta_description":"Short Capital Wire briefs on market-moving filings, exchange notices, and overnight developments for UAE and GCC readers."}],"tags":[],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2e01c5d-a51c-4820-ae60-583ba873aa98","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5575592","publisher":"ADX Disclosures","title":"ADX \u2014 Invest Bank GA invitation \/ reverse share split (EN)","source_published_at":null,"claim":null},{"id":"a2e01c5d-a62b-418c-914f-23e89e285e2e","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5575404","publisher":"apigateway.adx.ae","title":"ADX \u2014 Invest Bank GA invitation \/ reverse share split (AR)","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5575592","source_id":"a2d6a050-b97e-493b-b596-2ddcabbad320","label":"ADX \u2014 Invest Bank GA invitation \/ reverse share split (EN)","publisher":"ADX Disclosures"},{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5575404","source_id":null,"label":"ADX \u2014 Invest Bank GA invitation \/ reverse share split (AR)","publisher":"apigateway.adx.ae"}],"corrections":[],"translations":[{"language":"ar","slug":"invest-bank-ga-reverse-share-split-15-oct-2026","published_at":"2026-10-01T05:12:40+00:00","is_current":false},{"language":"en","slug":"invest-bank-ga-reverse-share-split-15-oct-2026","published_at":"2026-10-01T05:12:40+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"9e895ec0-f7e0-4ab3-ab73-1ce03f5251ae","locale":"en"},"errors":[]}