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Gulf banks hunt Kenyan market

A branch of Dubai Islamic Bank. (Photo: Courtesy)

Dubai Islamic Bank (DIB), the largest Islamic lender in the United Arab Emirates, has beaten bitter regional rival Qatari National Bank to the first licence in Kenya.

DIB Bank Kenya received its licence on Friday last week and has announced it will open three branches at Westlands, Upper Hill at the head office and Kilindini in Mombasa.

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