Dubai's DIB says holding company sells stake in Jordanian bank

Dubai Islamic Bank says it has sold 20.8% interest in Jordan Dubai Islamic Bank
Dubai's DIB says holding company sells stake in Jordanian bank
By Reuters
Wed 04 Jan 2017 01:51 PM

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, said on Wednesday that it had sold its stake in Jordan Dubai Islamic Bank.

DIB held 20.8 percent in Jordan Dubai Islamic Bank through a 40 percent shareholding in MESC Investments.

MESC Investments had completed the sale of its stake in Jordan Dubai Islamic Bank to Jordan-based Bank Al Etihad and Etihad Islamic Investment Company, DIB said in a statement.

The value of the sale was not disclosed.

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