Dubai Islamic Bank to acquire a minority stake in TOM Group from Ahmet Yaşar Aydın.

Synopsis

Dubai Islamic Bank, an Islamic bank in Dubai, agreed to acquire a minority stake in TOM Group, a Chinese media conglomerate, from Ahmet Yaşar Aydın. Financial terms were not disclosed.

Principals

target

Tom Group

bidder

Dubai Islamic Bank Pjsc

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Market Context

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Seller Team (1)

yeung kwok mung

CEO at TOM GROUP

Manager

target

Deals

n/a

Total Value

Bidder Team (2)

john macedo

CFO at DUBAI ISLAMIC BANK PJSC

Manager

bidder

Deal

n/a

Total Value

adnan chilwan

CEO at DUBAI ISLAMIC BANK PJSC

Manager

bidder

Deals

n/a

Total Value

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