Dubai Islamic Bank (DIB) is all set to acquire Noor Bank after shareholders gave a nod at the General Assembly Meeting (GAM) on Wednesday.
DIB's combined assets are valuated to touch AED 275 billion on completion of the deal.
Mohammed Al Shaibani, chairman of DIB, said: “The acquisition will provide opportunities for economic growth, ensuring that the UAE’s financial sector remains at the forefront of the Islamic economy.”
The move will fully integrate Noor Bank’s operations with DIB.
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UAE outlines vision for low-emission hydrogen economy at World Hydrogen Summit
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India, US discuss trade as Rubio cites progress on Iran conflict
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ENOC signs deal with Allied Biofuels to explore sustainable aviation fuel supply
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Pinoy Expat Corner
Who can join scuba diving? And what should you do if you encounter a shark while diving?
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
