Dubai Islamic Bank denies bidding for Egypt’s NBD


UAE daily Al Bayan reported Dubai Islamic was among three bidders for the bank. Others were Saudi Arabia’s National Commercial Bank and a UAE-Gulf consortium, the paper said, quoting unnamed Egyptian banking sources. "The news is totally untrue," a Dubai Islamic Bank official, who asked not to be named, said, adding the bank was in no way involved in any such deal.



Leave a Reply

Your email address will not be published. Required fields are marked *