UAE-based Gulf Islamic Investments (GII) has taken full control of Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala, Zawya reports.
The value of the operation has not been revealed. AGTB is a Category 1 digital bank licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the international finance center, Zawya notes.
Mubadala set AGTB up in 2018. The move made the bank the world’s first digitally enabled trade bank, in collaboration with AGTB Holdings Limited, a company controlled by the Rowland family.
Gulf Islamic Investments private equity, real estate and venture capital company with over $3 billion of assets under management.
Gulf Islamic Investments acquires digital bank AGTB from Mubadala
