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

Dubai Islamic Bank prepares $817 mln capital hike

Posted on 25 March 2009

From Reuters: Dubai Islamic Bank DISB.DU is considering raising 3 billion dirhams ($817 million) in fresh capital and converting emergency government deposits into regulatory capital as Gulf banks brace for an economic slowdown.

The bank’s board of directors would discuss the two measures on March 25, the bank said on Tuesday in a statement on the bourse website…..Full Article: Source

 
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