DIB seeks to expand activities, mulls acquisitions | ZAWYA MENA Edition:
Dubai Islamic Bank (DIB) is looking at opportunities to support the expansion of its activities.
To this end, the UAE's largest Islamic Bank might acquire financial institutions in line with the bank’s strategy and directions of its shareholders and board of directors, the lender said in a statement to the Dubai Financial Market (DFM) on Sunday.
DIB is in talks to acquire Noor Bank, but negotiations are still at an early stage, Bloomberg previously reported.
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