Dubai Investments acquires a stake in Monument Bank in the United Kingdom

Dubai Investments announced that it has acquired a 9% stake in Bank Monument, a UK-based digital bank regulated by the Financial Conduct Authority and the UK Prudential Regulatory Authority.

The bank’s business is focused on the wealthy and middle-income category in the United Kingdom, and the strategic objective of the bank is to provide basic banking services and other related services, and work to help customers achieve success, prosperity and economic prosperity, and the optimal use of time, by providing smart, effective and flexible solutions, And take advantage of digital capabilities to achieve global expansion.

Khalid bin Kalban, Vice Chairman and Chief Executive Officer of the Dubai Investments Company, said that the investment in the bank provides a unique opportunity for the group to engage and participate in the world of digital banking services, in one of the most advanced, developed and regulated markets, pointing out that the accelerated global shift towards Digital banking services constituted a significant positive step, especially for new banks, or what is known as electronic banks.

Bank Monument, in its real estate investment loans and range of savings products, relies on advanced capabilities and capabilities within the application it uses, to achieve customer interaction. 

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