Dubai Islamic Bank says it has sold 20.8% interest in Jordan Dubai Islamic Bank
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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.