Dubai Islamic Bank to take over 100% of Tamweel


Published: Jan 03, 2014
Source: Emirates 24|7

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Dubai Islamic Bank to take over 100% of Tamweel

The board of directors of Dubai Islamic Bank PJSC (DIB), in a board meeting on Thursday, have discussed and approved the bank’s intention of acquiring 100 per cent of Tamweel. 

DIB intends to make a tender offer to buy all the shares in the hands of Tamweel’s other shareholders, who presently hold the balance 41.8 per cent  of the issued shares. Read more>>>

 

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