Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
The Dubai-listed lender said in a statement that it sold shares to institutional investors by way of an accelerated book-build at a price of 515 pence per ordinary share.
Following the completion of sale, Emirates NBD will hold 28.6 million ordinary shares in Network International, representing 5.7 per cent of payments process business firm's entire issued share capital.
Citigroup, JP Morgan Securities and Morgan Stanley acted as joint book-runners.
Emirates NBD delivered a strong set of results for first nine months of 2019 with net profit up 63 per cent year-on-year to Dh12.5 billion. The results include Dh4.4 billion impact from the Network International transaction.
In September, Dubai's largest bank had sold 10.5 per cent, or 52.6 million shares at a price of 580 pence per share, to institutional investors, raising Dh1.38 billion in proceeds.
In April, Network International sold 200 million shares to raise $1.4 billion (Dh5.1 billion) in an initial public offering. Emirates NBD had confirmed the sale of 127 million ordinary shares its shareholding through a secondary listing of Network International's shares on the London bourse and to MasterCard.
waheedabbas@khaleejtimes.com
Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
Fraser-McGurk has blasted 309 runs in seven matches for the Delhi Capitals at a strike-rate of 235.87
The mayor of Seoul also extended a cordial invitation to the RTA to participate in the upcoming Seoul Smart Life Week
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When the Paris opening ceremony begins on July 26, it will be the first time the city has played host for a century after previous editions in 1924 and 1900
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The airport will have a passenger capacity of 260 million per annum and fully absorb Dubai airport operations