Two UAE investment companies have emerged as key players in a tie-up between Qatar's QInvest and EFG-Hermes.
Their role was revealed as a rival bid worth more than US$1 billion (Dh3.67bn) from a consortium of Arab investors sought to block the deal and prevent a break-up of one of the Middle East's biggest investment banks.
EFG-Hermes claimed in a statement that Dubai Financial Group and the Abu Dhabi Investment Authority both voted at the bank's extraordinary general meeting in favour of a proposal tabled by QInvest to create a joint venture called EFG-Hermes Qatar.
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