March 20, 2018 / 5:07 AM / 6 months ago

BRIEF-Dubai Investments, Consortium Of Investors To Launch Arkan Bank‍​

March 20 (Reuters) - DUBAI INVESTMENTS:

* DUBAI INVESTMENTS, CONSORTIUM OF INVESTORS TO LAUNCH ARKAN BANK WITH PAID-UP CAPITAL OF $100 MILLION ‍​

* AUTHORISED SHARE CAPITAL OF ARKAN BANK WILL BE $500 MILLION‍​

* ARKAN BANK IS APPLYING TO DFSA FOR APPROVAL FOR A PRUDENTIAL CATEGORY 5 LICENCE TO OPERATE AS AN ISLAMIC FINANCI AL INSTITUTION

* ARKAN BANK ALSO PLANS TO LIST ITS SHARES ON NASDAQ DUBAI WITHIN 12 MONTHS OF ESTABLISHMENT Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below