Rick Pudner

Rick Pudner

Emirates NBD takes over Dubai Bank

Thu, 2011-10-13 09:19 — newsdesk

Dubai Bank was saved by Emirates NBD under instructions from Sheikh Mohammed Bin Rashid Al Maktoum, Dubai’s ruler. Dubai Bank is owned by the government, which also has a 55% stake in Emirates NBD.
Rick Pudner, CEO of ENBD, stated that Dubai Bank will be capitalized by ENBD to the extent considered necessary.

Source:

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