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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Dubai Islamic Bank not divesting its equity: CEO

Posted on 02 February 2012

The sponsors of Dubai Islamic Bank (DIB) Pakistan Limited has no plan to divest equity of the bank, said the bank’s top official. “The bank’s management and its shareholders have no intentions of divesting any portion of its equity to local investors,” said Junaid Ahmed, CEO, DIB while shunning rumors about divestment of the bank at an inauguration ceremony of bank’s Learning and Development Centre on Tuesday.
The main shareholder DIB UAE was not only been supportive of current progress but also encouraged to present another aggressive strategic expansion plan for the next five years, the CEO said………………………………………..Full Article: Source

 
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