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Unicorn Bank to make further investment of $12.9mln in Dawood Islamic Bank

Posted on 18 March 2009

From Onlinenews.com.pk: Dawood Islamic Bank Limited has received Rs. 1 billion (US$ 12.9 Million) investment from Unicorn Investment Bank Limited, based in Bahrain , this was stated in a statement issued from Bank s headoffice in Karachi on Tuesday.

Unicorn already had a 22.2% equity stake in Dawood Islamic Bank prior to the current investment. With the new investment the equity of Unicorn Investment Bank, in Dawood Islamic Bank has increased to 37% percent …. Full Article: Source

 
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