Abu Dhabi Islamic Bank Gets Approval for 25% Foreign Ownership
Photographer: Alex Atack/Bloomberg
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Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Muslim banking rules, said it obtained the Abu Dhabi Executive Council’s approval to allow foreigners to own up to 25 percent of its shares.
The board decided to implement the decision Nov. 19, according to a statement.