DIB, JDC and DIC acquire controlling stake in Industrial Development Bank of Jordan

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Wednesday 03, September 2008 by

DIB, JDC and DIC acquire controlling stake in Industrial Development Bank of Jordan

Dubai Islamic Bank (DIB), through a joint venture with Jordan Dubai Capital (JDC) and Dubai International Capital LLC (DIC), said they have teamed up to grab a strategic investment in Industrial Development Bank (IDB), a Jordanian bank listed on the Amman Stock Exchange. The investment will allow IDB to be converted to a Shari’ah compliant institution.

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