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DIB to increase Tier 1 capital
- United Arab Emirates: Thursday, March 07 - 2013 at 06:52
Dubai Islamic Bank (DIB) has said it plans to increase its capital through the sale of a Shari'ah-compliant debt instrument, Reuters has reported. The largest Islamic lender in the UAE by assets said it would hold investor meetings in Asia, the Middle East and Europe starting on March 7, ahead of issuing the dollar-denominated, benchmark-sized hybrid sukuk, subject to market conditions. DIB had a Tier 1 capital ratio of 13.9% at the end of 2012, compared with 12.6% in 2007, according to an investor presentation.
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