Dubai Islamic Bank seeks to acquire 25% of a new digital bank in Turkey

The Board of Directors of Dubai Islamic Bank approved the proposal to partially acquire 25% of a new digital banking group in Turkey.

The bank confirmed in a disclosure to the Dubai Financial Market that this acquisition is subject to obtaining all necessary approvals from the relevant regulatory authorities.

The bank made it clear that its board of directors had discussed the possibility of Dubai Islamic Bank entering the Turkish market in line with the bank’s approved international strategy and after careful review and study.