Dr. Ajith Kumar V.V
A new interim board has been appointed for Dubai-based Noor Bank as its acquisition by Dubai Islamic Bank (DIB) gathers pace. Following approvals received from the regulators and the shareholders of Dubai Islamic Bank and Noor Bank, DIB said it is now progressing with the acquisition of Noor Bank. To ensure smooth acquisition of the transaction and achieve seamless integration of Noor Bank into DIB, it has been decided to reconstitute Noor Bank's board.
Source:https://www.arabianbusiness.com/banking-finance/437067-dubai-islamic-bank-reveals-new-noor-bank-board-as-acquisition-nears