Aydin Group Sells Additional 5% Stake in TOM Financial Group to Dubai Islamic Bank

Deal News | Jan 29, 2025 | CEE Legal Matters

Lexist has advised the Aydin Group on the sale of a 5% stake in TOM Financial Group to the Dubai Islamic Bank. This marks a continuation of a previous transaction whereby Aydin Group sold a 20% stake to the Dubai Islamic Bank, facilitated by a call option that the Bank has now exercised to expand its holding to 25%. Dubai Islamic Bank, the largest participation bank by asset size in the UAE, has made this acquisition as part of its strategic investments. The transaction was facilitated by Lexist, with a team led by Partner Murat Erbilen, Counsel Duygu Ozturk Dincer, and Associate Ulas Candan.

Sectors

Banking & Financial Services
Legal Advisory

Geography

United Arab Emirates – Dubai Islamic Bank, a key player in the article, is based in the UAE, making it a major geographical focus.
CEE (Central and Eastern Europe) – The news source, CEE Legal Matters, suggests the region's involvement, likely involving Aydin Group or TOM Financial Group.

Industry

Banking & Financial Services – The article involves banks and financial institutions, focusing on Dubai Islamic Bank's strategic stake acquisition in TOM Financial Group.
Legal Advisory – Lexist provided legal advice in this transaction, demonstrating the role of legal advisory firms in M&A activities.

Financials

5% – Represents the stake in TOM Financial Group sold by Aydin Group to Dubai Islamic Bank.

Participants

Name	Role	Type	Description
Aydin Group	Vendor	Company	The company selling a 5% stake of TOM Financial Group to Dubai Islamic Bank.
Dubai Islamic Bank	Buyer	Company	The largest participation bank by asset size in the UAE, buying an additional 5% stake in TOM Financial Group.
TOM Financial Group	Target	Company	The financial group whose 5% stake is being acquired by Dubai Islamic Bank.
Lexist	Legal Advisor	Company	Provided legal advisory services for Aydin Group in the stake sale transaction.