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Unicorn eyes Dubai Group Bank Islam stake
- Bahrain: Monday, October 12 - 2009 at 10:17
Majid al-Sayed Bader al-Refai, chief executive of Bahrain's Unicorn Investment Bank has said that the lender is interested in buying Dubai Group's stake in Malaysia's Bank Islam and plans to issue Sukuk in Saudi Arabia before the end of the year, Reuters has reported. Unicorn had already tried to acquire a stake in the bank in 2006. Dubai Group had said on October 1 that it is reviewing its options for the 40% stake in Malaysia's second largest Islamic bank as it shifts its focus closer to home.
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StaffMonday, October 12 - 2009 at 10:17 UAE local time (GMT+4)
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