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Islamic Finance Briefing - Categorized | Banking, Funds, Market Moves more

Invest AD to wind up its banking firm

Posted on 16 April 2010

From Gulfnews.com: Abu Dhabi government-owned investment company Invest AD is looking to spin off, and possibly sell, its investment banking business after it decided to wind it down due to market conditions, a person close to the company said.

“Invest AD brought a high-quality team on board, and they would be pretty valuable to the right player as markets are rebounding,” the person, who declined to be named, said…………………..Full Article: Source

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