Dubai Investments acquired stake in UK digital bank Monument

Dubai Investments, an investment company listed on the Dubai Financial Market, has acquired additional stake in Monument Bank, a UK-based regulated digital bank, increasing its holding to 16.93 percent.

Launched in 2021, Monument Bank has opened more than 10,000 accounts for wealthy savers, with account balances averaging over £60,000. (Dubai Investments is incorporated in 1995 and has invested heavily outside of UAE. Mr Khalid Kalban sits on the board of Monument)

Dubai Investment is listed in the Middle East Investors Directory with the code OR191.

What we like about the deal:
Monument Bank recently concluded its Series B round of investments raising over £40 million, backed by a combination of existing and new investors and since inception has raised a total of over £103 million

Job of the day:
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