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Dubai Islamic Bank Plans $861 Million Share Issue for Expansion
Dubai Islamic Bank PJSC, the United Arab Emirates biggest bank complying with Muslim banking rules, said it plans to raise 3.6 billion dirhams from a share issue, as first-quarter profit increased. The state-controlled lender will sell 988.4 million shares at 3.20 dirhams apiece, it said in a statement to the…
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Click here to read the full story: Bloomberg