Private Equity Other Private Equity/Strategic Investments
Aditya Birla Group invests in UAE digital bank Zand
Source PTI (opens in a new tab)
The Aditya Birla Group has invested in Dubai-based Zand, an upcoming digital bank in the UAE. The diversified conglomerate joins other investors like Franklin Templeton, Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, Global Development Group, Mohamed Alabbar, Olivier Crespin, and Yusuff Ali MA as shareholders in the bank.
Zand is set to launch shortly, and aims to provide both retail and corporate services.