DIB to suspend services for final merger phase with Noor Bank

The services will be suspended on October 28-31

A branch of Dubai Islamic Bank.

A branch of Dubai Islamic Bank.

Dubai Islamic Bank
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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