Bank Al Etihad/Etihad Islamic Investment Company acquisition of 52% stake in Jordan Dubai Islamic Bank

10/1/2017

Public acquisition

Status:

Announced

Date:

10/1/2017

Overview:

A consortium made up of Bank Al Etihad and Etihad Islamic Investment Company has acquired a 52% stake in Jordan Dubai Islamic Bank from MESC Investments.
Shareholders in MESC include Dubai Islamic Bank, which held a 20.8% stake in the bank.
Jordan Dubai Islamic Bank is listed on the Amman Stock Exchange.

Sam Duke - Editor

Jurisdictions:

Jordan
United Arab Emirates

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Banking

Firms:

A&T Najdawi Law Office

Party: MESC Investments (Seller)

Lawyer: Tha'er A Najdawi

Allen & Overy

Party: Bank Al Etihad (Acquirer)

Party: Etihad Islamic Investment Company (Acquirer)

Herbert Smith Freehills

Party: MESC Investments (Seller)

Rabah & Sharaiha

Party: Bank Al Etihad (Acquirer)

Party: Etihad Islamic Investment Company (Acquirer)

Lawyer: Raed Rabah

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