Lexist has advised the Aydin Group on its sale of a 5% Stake in the TOM Financial Group to the Dubai Islamic Bank.
The Dubai Islamic Bank is the largest participation bank by asset size in the United Arab Emirates, according to its own website.
In 2024, Lexist advised Aydin Group on the sale of a 20% stake in TOM Financial Group companies to Dubai Islamic Bank (as reported by CEE Legal Matters on January 8, 2024). The latest 5% stake acquisition, according to Lexist, is a consequence of the “Dubai Islamic Bank exercising its call option to increase its shareholding from 20% to 25%.”
The Lexist team included Partner Murat Erbilen, Counsel Duygu Ozturk Dincer, and Associate Ulas Candan.
