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Abu Dhabi Islamic Bank PJSC and Barclays PLC sign agreement over UAE retail banking operations

Saturday, 5 Apr 2014 08:00pm EDT 

Abu Dhabi Islamic Bank PJSC (ADIB):Announces that it has signed an agreement to acquire the retail banking business of Barclays Bank in the United Arab Emirates (UAE).Says it is anticipated that the transaction will result in 110,000 customers joining ADIB and is expected to cost 650 million durhams.Says the acquisition is subject to UAE Central Bank approval.