A $1 billion bet: Is this Abu Dhabi deal a green light for NBFC stocks?

Abu Dhabi-based IHC on Friday announced a 41.2 % stake in Sammaan Capital for nearly $ 1 billion, and it is betting on the long term growth opportunities in the domestic financial sector. However, with mid-size banks trading at valuations close to several NBFCs, investors need to be careful before making any fresh investments in NBFCs for the long-term.