Dubai Islamic Bank (DIB), UAE’s largest shariah-compliant lender, has completed the sale of its 20.8% stake in Jordan Dubai Islamic Bank (JDIB).

DIB owned the stake in the Jordanian bank through a 40% shareholding in MESC Investments.

MESC has offloaded the stake to Bank Al Etihad and Etihad Islamic Investment Company for an undisclosed amount.

“All the necessary conditions for the transaction have been satisfied,” DIB said in a bourse filing.

JDIB has a network of 21 branches throughout Jordan. The bank offers a range of services including retail banking, corporate banking, treasury, investment and financial institutions services, and small business finance programs.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.