Dubai Capital Group is a subsidiary of Dubai Group. It will not play a role in the bank’s management.

The group already holds 25 per cent of EFG Hermes, the largest publicly traded investment bank in Egypt as well as a 15 per cent stake in Bank Muscat, the largest lender in Oman.

Dubai Capital Group also holds a 49% stake in Egypt’s Sphinx Glass Company, which it established in partnership with the local Citadel Capital.