Dubai Islamic Bank’s board to meet on January 25

Dubai:

Dubai Islamic Bank, the United Arab Emirates’ biggest Sharia-compliant lender, said on Monday it’s board plans to meet on January 25 to discuss 2014 financial statements.

The board would also decide other topics in the meeting, it said in a bourse filing. The bank completed a $1 billion (Dh3.67 billion) capital-boosting sukuk sale, with a perpetual tenor last week.

The bank, 28 per cent owned by the Dubai government, reported a 27 per cent jump in financing in the nine-months through September as Dubai’s economy recovered.