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EDB assets increases 50%

Dubai / WAM

Led by its Chairman HE Khalid Mohammed Salem Balama, the Board of Directors of Emirates Development Bank (EDB) has concluded its second meeting of 2016. The meeting at the Bank’s headquarters in Abu Dhabi discussed numerous agenda items, ratified the previous meeting’s minutes, and assessed the actions taken by management on the implementation of resolutions and recommendations. The Board approved the financial statements ending Dec 31, 2015, during which time it increase the size of its assets by 50% to reach AED6.9bn.

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