Emirates NBD Clarifies: No Acquisition by US-Based Bank
- Date: 13-Jun-2020
- Source: Al Bawaba
- Sector:Financial Services
- Country:UAE
Emirates NBD Clarifies: No Acquisition by US-Based Bank
In a statement published on the Dubai Financial Market website, the Dubai-based bank explained, "The largest purchase by one single investor was 10,116,892 shares on this date (May 28, 2020).". Emirates NBD issued the statement in response to a recent news report speculating that BofA had bought 100 million shares - 1.5 percent stake of Emirates NBD Bank PJSC - worth about Dh900 million.. UAE: US Bank Acquires 1.51 Percent Stake in Dubai's Largest Bank.