Friday 13, June 2008 by
Beltone Financial recommends ‘hold’ on Dubai Islamic bank
In a new report, Cairo-based Beltone Financial said it is issuing a ‘hold’ recommendation on Dubai Islamic Bank (DIB) with a target price of AED 9.6 ($2.6), representing a 7 per cent upside potential to the current market price of AED 8.97 ($2.44). The bank achieved a first quarter net profit of $154.1 million, compared to $115.4 million a year earlier.
