Dubai-Mubasher: Dubai Islamic Bank (DIB) awarded AED 687 million contract to Engineering Contracting Company (ECC) to construct the Badr Project Phase 1, according to the bank’s statement.
Badr will be developed across five phases, the statement said, adding that the first phase with a built-up area of 2.2 million sqft is expected to be completed by 2018
The bank’s stock stabilised at AED 5.8 on Thursday after trading 1.2 million shares through 116 transactions, with turnover of AED 7 million.
