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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Qatari banking merger called off

Posted on 06 June 2011

Al Khaliji Commercial Bank has called off its merger with International Bank of Qatar, putting an end to a deal that was expected to create a formidable rival for Qatar’s largest banks. The deal has been shelved in the absence of an agreement on final terms, the banks said in a joint statement to the Qatar Exchange.
“The parties have together decided to end negotiations for the proposed combination of businesses after final terms could not be agreed,” the banks said……………………………………….Full Article: Source

 
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