Comment & Analysis
Hedge Funds & Alternative Investments
Islamic Finance
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Foursan Group exits investment in Jordan Dubai Islamic Bank
FCP was the second largest shareholder of JDIB and sold its stake to Bank Al-Etihad, a leading, realising a gross equity multiple of 2.5x on the sale. Since FCP invested in JDIB, the bank has significantly grown its market share, balance sheet, profitability and operations, increased deposits by over 3.5x…
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