The CSI300 blue-chip index is now up nearly 30% from its February trough
markets50 minutes ago
The new entity, Jordan Dubai Islamic Bank, or JDIB, will begin operations with a share capital of $100 million.
Earlier this year, DIB announced the official re-launch of IDB following the completion of a private placement of 26 million shares of IDB. Mesc Investments now owns a 52 per cent stake in the new entity, acquired through the private placement in February this year.
Mesc is owned40 per cent by DIB and 60 percent by Jordan Dubai Capital.
In addition to its stake in newly formed JDIB, DIB isproviding the technical support and supervision needed to restructure it in line with international best practices .
“The successful transformation of IDB to JDIB reflects DIB’s commitment to Islamic banking and the Jordanian economy,” said Khaled Al Kamda, Group Managing Director of Dubai Islamic Bank and Vice- Chairman JDIB.
business@khaleejtimes.com
The CSI300 blue-chip index is now up nearly 30% from its February trough
markets50 minutes ago
The Indian state invites foreign investors and non-resident Indians to avail opportunities in one of the fastest growing economies of the world
business technology review50 minutes ago
Epic will also raise its competition concerns with regulators in the European Union
business54 minutes ago
The Operation Chivalrous Knight 3 team distributed potable water to areas where displaced people have gathered in Khan Yunis
uae58 minutes ago
The closure of Ratcliffe-on-Soar marks a symbolic step in the UK's ambition to decarbonise electricity by 2030, and become carbon neutral by 2050
world59 minutes ago
UK's Starmer reiterates region needs to pull back from the brink
mena1 hour ago
GDP expanded by 0.5% in second quarter vs +0.6% in poll
economy1 hour ago
Alexander Permyakov confessed to the crime saying he had acted on instructions from Ukraine's SBU security service and was promised $20,000 to complete the job, says Russian state media
europe1 hour ago