Dubai – Mubasher: Emirates NBD has transferred a controlling interest in Dubai Bank to Eradah Capital, according to a bourse filing on Sunday.
Last week, the shareholders of Zand, the first digital bank to provide both retail and corporate services, completed the acquisition of the majority stake in Dubai Bank from Emirates NBD.
It is noteworthy to mention that during the first nine months (9M) of 2021, the consolidated interim financials of Emirates NBD reported AED 7.285 billion net profits attributable to the equity holders, up 29% from AED 5.64 billion in the year-ago period.