Company Overview of Dunia Finance LLC
Dunia Finance LLC provides financial products and services. The company’s products include credit cards, personal and car loans, and fixed deposits. Additionally, it offers credit card promotion and financial planning services. Dunia Finance LLC was founded in 2006 and is based in Abu Dhabi, United Arab Emirates.
P.O. Box 44005
United Arab Emirates
Founded in 2008
Key Executives for Dunia Finance LLC
Chief Executive Officer and Executive Director
Head of Audit and Compliance
Compensation as of Fiscal Year 2015.
Dunia Finance LLC Key Developments
Sale Of Dunia Finance By Mubadala And Temasek Reportedly Stalled
Nov 2 15
Mubadala Development Company PJSC and Temasek Holdings (Private) Limited's sale of Dunia Finance LLC has stalled after bids for the Abu Dhabi consumer finance firm failed to meet shareholder expectations, according to four people with knowledge of the matter. Some interested parties have withdrawn from the sale process, the people said, asking not to be identified as the matter is private. The company may instead consider an initial public offering next year, one of the people said. "Given the strength of the business and growth potential, the management and shareholders continue to explore a number of strategic options for Dunia," the company said in an emailed response to questions. Temasek declined to comment, while Mubadala didn't respond to requests for comment.
KKR And Majid Al Futtaim Weigh Bids For Dunia
Jul 28 15
KKR & Co. L.P. (NYSE:KKR) and Majid Al Futtaim Holding LLC are weighing a bid for Dunia Finance LLC, according to three people with knowledge of the matter. Dunia’s shareholders including Mubadala Development Company PJSC and Fullerton Financial Holdings Pte. Ltd., are seeking about four to five times book value for Dunia, two of the people said, asking not to be identified as the information is private. Majid Al Futtaim, is working with Citigroup Inc. on its planned bid, two of the people said. Dunia shareholders hired Morgan Stanley to explore a sale of the company, people with knowledge of the matter said July 1, 2015. Representatives for Mubadala, Majid Al Futtaim, Citigroup and KKR declined to comment. A representative for Fullerton didn’t respond to requests for comment.
Dunia Group Announces Interim Dividend
Jul 22 15
Dunia Group announced an interim dividend of AED 107.3 per share, which was 347% higher than the interim dividend declared in 2014 reflecting its strong financial results, improving capital base, and management's confidence in delivering strong results through the remainder of 2015.
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