DUBAI: Dubai Islamic Bank (DIB) has completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The acquisition further enhances DIB’s position as one of the largest Islamic banks in the world with total assets exceeding AED 300 billion. A robust governance framework focused on minimal customer as well…
All posts tagged Noor Bank
DIB acquires Noor Bank structured through a share swap
DUBAI: Dubai Islamic Bank (DIB) has announced the completion of the acquisition of Noor Bank in a transaction structured through a share swap. As part of this agreement, DIB has issued 651,159,198 new shares to take its issued share capital to 7,240,744,377 shares. In line with the acquisition process, Noor operations will be completely integrated…