Dubai Investments acquires additional 7.68% stake in UK’s Monument Bank
Share:
Dubai Investments, an investment company listed on the Dubai Financial Market (DFM), has acquired an additional 7.68% equity stake in the UK-based digital bank, Monument Bank Limited. The latest investment, subject to regulatory approvals, will increase the UAE-based group’s holding in the bank from 9.25% to 16.93%. The move comes months after Dubai Investments acquired an initial stake in the digital bank in January. In a statement, Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments,..