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Dubai Islamic Bank plans Dh3.6bn share issue for expansion
Dubai Islamic Bank, the UAE’s biggest bank complying with Muslim banking rules, said it plans to raise Dh3.6 billion from a share issue, as first-quarter profit increased. The state-controlled lender will sell 988.4 million shares at Dh3.20 apiece, it said in a statement to the Dubai bourse on Wednesday. DIB’s…
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