Bank of Khartoum government prepared Bank of Khartoum for privatization. The government then sold a 60 per cent share to Dubai Islamic Bank in 2005. The next year, Islamic Development Bank, Dubai Islamic Bank, Sharjah Islamic Bank and Abu Dhabi Islamic Bank founded Emirates and Sudan Bank in Khartoum as a fully Islamic bank. The year after, Bank of Khartoum announced that it was merging with Emirates and Sudan Bank. The merger took effect in 2008. Dubai Islamic's ownership will drop to 28 percent of the merged bank. The Sudanese government will own 10 percent of the bank, while Abu Dhabi Islamic Bank
Khartoum (state) Nile State, and in the west by North Kurdufan. There are several etymologies for the name of Khartoum. The explanation suggested as "most correct" by the state government's website is that it comes from the Arabic for "elephant's trunk", which describes the shape of the site of the city at the confluence of the two Niles, where a stretch of land extends into the water. Other stories are that it is a corruption of "gurtoum", the name for seeds of the sunflower plant, supposedly used by Roman invaders at the current site of Khartoum to treat soldiers' wounds, or that