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Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank’s second largest stakeholder, Foursan said on Thursday.
The firm declined to disclose the monetary value of the deal. It is not yet considering seeking a seat on the bank’s board because the term of the current board has yet to expire, Foursan’s vice-president Jameel Anz told Reuters………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Private Equity more
PE firm buys 6.6 pct of Jordan Dubai Islamic Bank
| Posted on 07 September 2012 |
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