Dubai – Mubasher: Dubai Islamic Bank (DIB) will temporarily suspend its services to complete the final phase of its merger with Noor Bank.

The services will be suspended on 28-31 October, according to the bank's disclosure to its customers.

In January 2020, the bank has completed the acquisition of Noor Bank through a share swap agreement by issuing 651.2 million new shares.

It is noteworthy to mention that during the first nine months of 2020, the bank registered net profits attributable to the owners of AED 3.13 billion, down from AED 3.97 billion during the same months in 2019.

Source: Mubasher

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