Home » Khalid Kalban »

|| 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:
on CFA Institute website a firm funded by a UAE family office is hiring an Investment Associate See more

Previous Post: Saudi investors of Aramco Ventures and consortium invested $20 million in US firm
Next Post: Saudi VC Prosperity7 led investment of $14 million in Chinese firm

More from Khalid Kalban ...

  Dubai Investments acquired stake in UK digital bank Monument

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

Copyright 2007-2024 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   LinkedIn    Twitter

Powered by Insightice