trending Market Intelligence /marketintelligence/en/news-insights/trending/miSZfwAq3IeGG3MlmRuhng2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Dubai Islamic Bank shareholders approve Noor Bank acquisition

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Dubai Islamic Bank shareholders approve Noor Bank acquisition

Dubai Islamic Bank (PJSC) received shareholder approval for its acquisition of Noor Bank PJSC.

The deal will see Dubai Islamic Bank increase its capital to 7,240,744,377 shares from 6,589,585,179 shares, and will be carried out through a share swap at a ratio of 5.49 Noor Bank shares for 1 new Dubai Islamic Bank share.

Dubai Islamic Bank said the acquisition will create an entity with combined assets of more than 275 billion United Arab Emirates dirhams. The lender expects the integration of the two operations to generate significant synergies and lead to improved efficiencies and contribution to profitability, according to Group CEO Adnan Chilwan.

As of Dec. 18, US$1 was equivalent to 3.67 United Arab Emirates dirhams.