Tuesday 17, February 2009 by
IDB in share capital increase of $100 million
Dubai Islamic Bank (DIB) has decided to re-launch Jordan-based Industrial Development Bank (IDB) following the completion of a private placement of 26 million shares of IDB, valued at $100 million. As part of the re-launch, IDB has been transformed into an Islamic financing institution to be known as Jordan Dubai Islamic Bank (JDIB).
