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DIB ups stake in Tamweel to 57.33pct

Posted on 27 September 2010

From Arabianbusiness.com: Dubai Islamic Bank raised its stake in Islamic mortgage firm Tamweel to 57.33 percent, Dubai’s government said on Sunday, in a move that will help revive lending in Dubai’s battered property market.
Dubai Islamic Bank, the emirate’s third-largest bank by market value, had said in June it may increase its one-fifth stake in Tamweel……………………………………….Full Article: Source

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