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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bank Islam stake buyer likely a foreigner

Posted on 20 January 2010

From Thestar.com.my: The unidentified buyer of Dubai Group LLC’s 30.5% stake in Bank Islam Malaysia Bhd, a unit of BIMB Holdings Bhd, is likely a foreigner as the bank needs a shareholder that can enhance the value of its businesses.

Dubai Group LLC is the financial arm of Dubai Holding, an investment company of the emirate of Dubai. According to a press report, the unidentified buyer was completing due diligence on the unlisted bank in which BIMB holds a 51% stake…………………………………Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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