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emirates nbd to fully acquire and delist emirates islamic bank
Emirates NBD has launched a mandatory cash offer to acquire the remaining 0.11% stake in Emirates Islamic Bank for approximately Dh69.8 million, aiming for full ownership. Following the acquisition, EIB will be delisted from the Dubai Financial Market, while maintaining its commercial registration and operations. The deal, subject to regulatory approvals, is expected to close by March 27, 2025, and reflects Emirates NBD's strategy to enhance its Islamic banking services.
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