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Unicorn eyes Dubai’s Bank Islam stake

Posted on 12 October 2009

From Reuters: Bahrain’s Unicorn Investment Bank is interested in buying Dubai Group’s stake in Malaysia’s Bank Islam and plans to issue sukuk in Saudi Arabia before the end of the year, its chief executive said on Sunday.

Dubai Group, an investment vehicle owned by the ruler of Dubai, said Oct 1 it is reviewing its options for the 40 percent stake in Malaysia’s second largest Islamic bank as it shifts its focus closer to home………………….Full Article: Source

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