AfrAsia Bank Limited
AfrAsia Bank Limited (ABL) is a regional banking force with global reach. The Bank’s entrepreneurial approach helps to develop flexible financing and investment solutions and provide tailor-made advice while combining expertise in four core divisions:
Headquartered in the Mauritius International Financial Centre with Representative Offices in South Africa and the United Kingdom. AfrAsia Bank Limited specialises in banking that builds bridges between Africa, Asia and the World.
Dale Capital Group was an early stage investor in AfrAsia Bank when it held approximately 10%. In line with its “involvement strategy” Dale Chairman, Norman Noland, was appointed to the board of ABL. As a director of ABL, Norman was significantly involved in influencing the ABL Management and Board to expand into South Africa. ABL have been very successful. Dale exited its investment in ABL after 3 years, experiencing an excellent ROI. The exit was influenced by Dale’s inability to take up subsequent rights offers due to the banks rapid growth.
For more information please see: www.afrasiabank.com