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EIB private investors to sell stake

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EIB private investors to sell stake - Real Estate Bank - Abu Dhabi - UAE - Financial/Loan

Emirates Industrial Bank (EIB), which is merging with Abu Dhabi-based Real Estate Bank, said on Monday its private shareholders have agreed to sell their 49 percent stake to the UAE government.

EIB is already 51 percent owned by the UAE Ministry of Finance and 49 percent by other investors including Abu Dhabi Commercial Bank, National Bank of Abu Dhabi and Mashreq, according to its website.

'... the representatives of the private sector in the capital of the bank agreed unanimously to sell their stakes to the federal government,' said a statement from EBI.


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