Dubai Islamic Bank P.J.S.C (DFM:DIB) is planning to acquire additional stake in PT Bank Panin Syariah Tbk (JKSE:PNBS). Dubai Islamic Bank is planning to increase the stake in Bank Panin Syariah for up to 40%. Dubai Islamic Bank plans to complete the acquisition by the end of 2014.

Deny Hendrawati, President and Director of Bank Panin Syariah said, "The current portion is 24.90%. They want to change it to 40%, which is being processed. It may complete no later than the end of this year or early next year."