Dubai Islamic Bank weighs capital-raising in 2018- CEO | ZAWYA MENA Edition

Dubai Islamic Bank weighs capital-raising in 2018- CEO | ZAWYA MENA Edition:

"Dubai Islamic Bank plans to raise capital in 2018 to help support an expected double-digit rise in loan growth, its chief executive said on Wednesday.

The bank is considering options including a rights issue and an issue of Islamic bonds, but any final decision on its plans will be subject to regulatory approvals, Adnan Chilwan said on a conference call to discuss the bank's fourth-quarter results.

In an investor presentation, the bank said it was targeting loan growth of between 10 and 15 percent in 2018, the same target it set for 2017. "



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