Gulf Islamic Investments acquires digital bank from Mubadala

UAE - Mubasher: Gulf Islamic Investments (GII), the UAE-based private equity, real estate, and venture capital company, has fully acquired Anglo-Gulf Trade Bank (AGTB) from Mubadala.

Licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), Mubadala established AGTB as the world’s first digitally-enabled trade bank, according to a press release on Wednesday.

The value of the transaction has not been disclosed.

AGTB aims to tackle the growing gap in the trade finance market and offer its customers technology-enabled smart banking solutions.

Mubasher Contribution Time: 01-Jun-2022 12:12 (GMT)
Mubasher Last Update Time: 01-Jun-2022 12:12 (GMT)