The sale was conducted via a restricted issue of shares. DIG is the global financial investor of Dubai Holding, which was launched in October 2004 to consolidate infrastructure and investment projects in Dubai and to invest in other projects that will benefit the UAE and the region.
‘We are optimistic that this will push Malaysia into the forefront of Islamic banking, helping the country realize its vision to be a hub,” says Dato’ Noorazman Aziz, group managing director of BIMB Holdings, Bank Islam’s parent company, which will retain a 51% stake in the enlarged paid-up capital of the bank.
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