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Dubai Group unit sells stake in Bank IslamDubai Financial Group, a subsidiary of diversified financial services company Dubai Group, has sold its 30.5 per cent stake in Bank Islam to BIMB Holdings, a Malaysia-based investment holding company. The agreement was signed betw More… |
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Dubai Group may not sell Bank Islam stakeDubai Group may not be keen to sell its stake in Malaysia's No. 2 sharia lender Bank Islam, the Business Times reported on Wednesday, citing a source. 'They may not sell after all because they see value in the bank,' the source More… |
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Dubai's Bank Islam stake sale faces delayDubai Group's plan to sell its stake in Malaysia's Bank Islam is unlikely to be completed by June, Bank Islam's managing director was quoted as saying on Thursday. "I don't think it can be done by June," Zukri Samat was More… |
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Unicorn mulls Dubai's Bank Islam stakeBahrain's Unicorn Investment Bank has reiterated that it is mulling buying Dubai Group's stake in Malaysia's Bank Islam, but said a deal was not imminent as shareholders needed to agree on the right partner and price. Dubai Group, an inves More… |
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Dubai Financial declines share offer: Bank IslamDubai Financial Group (DFG), a global financial services company, has refused an offer to buy preference shares in Malaysia's Bank Islam, in which it holds a 40 per cent stake, the Malaysian lender said on Thursday. Bank Islam, which is Ma More… |
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Malaysia Bank Islam plans $150m cash callMalaysian sharia lender Bank Islam plans to raise up to 540 million ringgit ($149.5 million) by selling preference shares to existing shareholders, a Malaysian newspaper reported on Saturday. Bank Islam has sent out letters of invitation t More… |
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EIIB ties up with Bank IslamEuropean Islamic Investment Bank (EIIB) has signed a strategic co-operation agreement with Bank Islam Malaysia Berhad (Bank Islam). EIIB is the first independent, Sharia'a compliant, Islamic investment bank to be authorised and regulated b More… |
