Thursday 16 January 2020

#Dubai's Noor Bank CEO to leave amid merger with DIB: sources - Reuters

Dubai's Noor Bank CEO to leave amid merger with DIB: sources - Reuters:

The chief executive of Dubai’s Noor Bank is leaving the bank, which is being acquired by Dubai Islamic Bank (DISB.DU), two sources familiar with the move said.

John Iossifidis, who joined Noor Bank in the middle of 2017 and previously worked at Mashreqbank (MASB.DU), disclosed his departure in a memo to employees, the sources told Reuters.

The resignation came as shareholders of both Dubai Islamic Bank, the United Arab Emirates largest sharia-compliant bank, and Noor Bank approved the acquisition last month.

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