05.03.2013 - DIB meeting okays 100pct acquisition of Tamweel
Dubai Islamic Bank, or DIB, has confirmed the 100 per cent acquisition of Islamic housing finance provider Tamweel and said it will unlock new opportunities for both entities. The bank is the majority shareholder in Tamweel with 58.2 per cent of issued equity. Mondayís extraordinary general assembly meeting voted in favour of DIBís formal offer to acquire the remaining 41.8 per cent of the issued shares in Tamweel it does not currently own...............................................Full Article: Source
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