Dubai Investments soars on DFM after plans to acquire 60% of Al Mal Capital | The National

Dubai Investments soars on DFM after plans to acquire 60% of Al Mal Capital | The National:



"Dubai Investments jumped more than 7 per cent after the publicly listed conglomerate revealed plans to acquire 60 per cent of the Dubai investment bank Al Mal Capital.



DIC, whose largest shareholder is state owned Investment Corporation of Dubai, rose 7.3 per cent to Dh2.34.



“The board further discussed and approved acquisition of 60 per cent of the share capital of Al Mal Capital,” DIC said in a regulatory disclosure on the Dubai bourse website."



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