Bank Al Etihad

REFILE-Dubai Islamic Bank says potential buyers eyeing Jordan unit

Dubai Islamic Bank (DIB) said it had received a letter of intent from a consortium led by Jordan's Bank Al Etihad interested in buying MESC Investment. The proposal sets out the terms and conditions required for the purchase of MESC Investment, a Jordan-based company in which DIB holds a 40 percent shareholding through its wholly owned subsidiaries, Petra and Levant One. MESC owns 52 percent of Jordan Dubai Islamic Bank, a Jordan-based unit of DIB.

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