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Acquisition: Abu Dhabi Islamic Bank |
Corporate Disclosures |
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| ID: |
ADIB.ADSM |
| Announcement Date: |
07-Mar-12 |
| Acquirer: |
Abu Dhabi Islamic Bank |
| Target: |
Saudi Installment House |
| Rescinded Event: |
No |
| Comments: |
The bank announced that it has acquired 51% stake in Saudi Installment House (Saudi Arabia) for a total value of SAR 56 million (AED 55 million). |
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| Source: |
Abu Dhabi Securities Exchange (ADX)
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First Published:
07-Mar-12
Last Updated: 07-Mar-12
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Glossary
Acquirer - The acquiring company
Rescinded Event - Indicates if an event has been canceled
Target - The company being acquired
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