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Investment Corp. of Dubai, the emirate’s main state-owned holding company, is one of the biggest investors in Noor Bank, a lender set up in 2008.

Dubai Islamic Bank

Dubai Islamic Bank weighs acquisition of local rival Noor Bank

by BloombergTue 23 Apr 2019Thu 7 Oct 2021

Dubai Islamic Bank’s acquisition of Noor Bank would create a lender with $75bn in assets

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Dubai Islamic Bank (DIB) the UAE’s biggest Islamic lender – is considering buyer smaller rival Noor Bank.

Dubai Financial Market

Dubai Islamic Bank on the lookout for potential acquisitions

by Bernd Debusmann JrMon 15 Apr 2019Thu 7 Oct 2021

Dubai Islamic Bank was reported last month to be considering buying Noor Bank

Dubai Islamic Bank had assets of 224 billion dirhams ($61 billion) at the end of 2018 compared with Noor Bank’s 51 billion dirhams.

bank merger

Dubai Islamic Bank is said to consider acquiring Noor Bank

by BloombergMon 8 Apr 2019Wed 6 Oct 2021

Dubai Islamic Bank held preliminary discussions with Dubai-based Noor Bank’s shareholders, according to sources

Shares in Kuwait Finance House closed 1.6 percent higher on Monday to extend gains this year to more than 19 percent. Those of Manama-based Ahli United climbed 0.8 percent to pare its decrease for 2018 to 0.3 percent.

Ahli United Bank

Kuwait bank in merger talks to create $92bn Islamic lender

by Staff Writer Tue 17 Jul 2018Thu 7 Oct 2021

Kuwait Finance House sent a letter inviting Ahli United to sign a memorandum of understanding and a non-disclosure agreement to start valuation studies