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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… |
DFG completes 60pc acquisition of Taib sharesDubai Financial Group (DFG) has completed the acquisition of 60 per cent of Taib Bank’s shares. DFG is the financial holding company of Dubai Group, a member of Dubai Holding. As part of the transaction Taib’s board of directo More… |
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Dubai Financial buys Abraaj stake in bankAbraaj Capital has decided to sell two of its units in Egypt to Dubai Financial Group (DFG) for $1.1 billion. The units - Abraaj Egypt Ltd and Abraaj SPV 26 Ltd - collectively own a 24.62 per cent stake in the Cairo-based EFG-Hermes. More… |
