Emirates NBD announced the purchase of approximately 101.73 million shares of its shares by 254 investors on May 28, 2020.
The bank said - in a statement posted on the website of the Dubai Financial Market - that 10.12 million shares were bought by one investor, describing it as the largest purchase of its kind at this time.
The bank’s clarifications in this regard came after news published earlier that Bank of America acquired a 1.5% stake in the bank.
The bank confirmed that this increase in the volume of purchase comes in conjunction with the inclusion of its shares in the "MSCI" index for emerging markets, noting that a large number of these purchases were made by funds tracking the emerging market index.
The news published earlier indicated that the Bank of America purchased 100 million shares in Emirates NBD, equivalent to 1.5% of the bank’s shares, at a value of about 900 million dirhams, as the purchase was made in favor of an investment portfolio managed by the investment institution. Globalism.