DUBAI, April 6 (Reuters) - Barclays has agreed tosell its retail banking operations in the United Arab Emiratesto Abu Dhabi Islamic Bank (ADIB), ADIB said on Sunday.
ADIB, the emirate's largest sharia-compliant lender, saidthe acquisition was expected to cost 650 million dirhams ($177million) and result in 110,000 customers joining ADIB.
The deal is subject to approval by the UAE's central bank. (Reporting by Mirna Sleiman; Editing by Andrew Torchia)