ecmg and Dubai Bank to collaborate in launching an Islamic private equity fund

A Memorandum of Understanding (MOU) was signed between ecmg AG and Dubai Bank, agreeing towards the creation and launch of a groundbreaking Islamic German buyout private equity fund that would invest in German mid-market companies. Both parties agreed towards finalizing the details, size and structure over the next couple months. Ziad Makkawi, CEO, Dubai Bank, said: 'Dubai Bank is very pleased to launch this initiative with ecmg. This initiative is core to the several initiatives that Dubai Bank intends to launch in the next couple of months, bringing world class investment banking, asset management and Islamic banking products to the regional markets. This MOU with ecmg is one step in that direction.’

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