DIB unit $2bn of funds
15th Nov 2006, 05:49 GMT
Millennium Finance, a unit of Dubai Islamic Bank has launched two $1bn private equity funds which it might list on the Dubai International Financial Exchange, reported Gulf News. The Islamic funds will invest in the telecoms, media, technology and energy industries in the Middle East, Africa and Asia. Investors would need to put up between $20m-$200m a time. [AMEInfo.com]
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