Bahrain's Unicorn Investment Bank, which said it repaid a $125 million Islamic credit facility on Thursday, has dropped plans to buy Dubai Group's 40 percent stake in Malaysia's Bank Islam, a top executive said.
Dubai Group, an investment vehicle owned by the ruler of Dubai, said in October 2009 it was reviewing options for the stake in Malaysia's second-largest Islamic bank as it shifts its focus closer to home.
Unicorn had been mulling the purchase of that stake.
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