Sunday 5 June 2011

Qatar's Al Khaliji Bank, IBQ end merger discussions, Qatar Industries - Maktoob News

A proposed merger between Qatar's Al Khaliji Commercial Bank and the International Bank of Qatar (IBQ) will not proceed after both parties failed to agree on terms for the deal, Al Khaliji said in a statement.

"The parties have together decided to end negotiations for the proposed combination of businesses after final terms could not be agreed," the statement issued late on Saturday said.

"As a result, the existing governing, operational and financial structures in place at the Banks will remain unchanged."

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