(MENAFN- Khaleej Times) Dubai islamic bank (dib) on monday announced that it has completed the acquisition of a 24.
in a statement the largest islamic bank in the uae said it has bought 2.42 billion shares in the only listed shariah-compliant bank in indonesia. upon completion of this phase one of the acquisition dib will initiate formal regulatory approval process to obtain ‘significant shareholder status’ from the financial services authority (ojk). upon being granted this approval dib will complete phase two of the share purchase plan and will increase its stake in bank panin syariah to up to 40 per cent.
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