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Qatar banks Khaliji, IBQ in early-stage tie-up talks

Posted on 13 May 2010

From Reuters: Qatar’s Al Khaliji Commercial Bank on Wednesday said it is in talks to merge with International Bank of Qatar, but that the discussions were still at an early stage.
Al Khaliji, Qatar’s sixth-largest bank by market value, is “in discussions with another financial institution regarding the evaluation of the possibility of a combination of the businesses of both parties, and revealed that this financial institution is International Bank of Qatar,” according to a statement posted on the bourse website………………………………………Full Article: Source

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