Dubai: 11 May, 2009 - Noor Islamic Bank PJSC issued the following statement today in response to an inaccurate and misleading report published in the Tunisian media on the closure of its representative office:

Hussain Al Qemzi, Group CEO, Noor Islamic Bank said: "Our representative office in Tunis is operational and we continue to explore market opportunities in North Africa. We are actively engaged in assessing regional market trends and the impact of the current global economic conditions, and have adjusted our plans to reflect the reality of the slowdown."

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© Press Release 2009