Diamond Trust Bank leader Prince Karim Aga Khan is consolidating banks under his corporate control, as East Africa's Ismaili acquires Switzerland-based Habib Bank. The deal is due to be completed by July 2017. The Aga Khan Fund for Economic Development owns a 17% stake in Ismaili, and a 51% stake in Habib Bank.
Ismaili leader Prince Karim Aga Khan is consolidating banks under his corporate control, as East Africa's Diamond Trust Bank acquires Switzerland-based Habib Bank. The deal is due to be completed by July 2017. The Aga Khan Fund for Economic Development owns a 17% stake in Diamond Trust Bank, and a 51% stake in Habib Bank.