Gulf banks consolidate aggressively as DIB 'considers' Noor buy

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Gulf banks consolidate aggressively as DIB 'considers' Noor buy

Mergers_&_Acquisitions_FIG_Adobe_230x150

The United Arab Emirate's largest Islamic bank, Dubai Islamic Bank (DIB), is considering buying its smaller rival Noor Bank, according to bankers. The purchase would add to the string of M&A deals Gulf banks have pursued in the last two years, prompted by tougher regulation and a drop in oil prices.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article