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Sunday, 2 April 2017

Merger of three Qatari banks to take six months: executive | Reuters

Merger of three Qatari banks to take six months: executive | Reuters:

"The merger of Qatari banks Masraf Al Rayan MARK.QA, Barwa Bank [IPO-BABK.QA] and International Bank of Qatar will take six months to complete, Masraf Al Rayan's chairman Hussain Ali al-Abdulla said on Sunday. In December Reuters reported that the trio had begun merger talks which, if successful, would create the Gulf state's second-largest bank. Banks in the Gulf have previously been reluctant to link up but are facing challenging conditions due to the impact of lower oil prices on the region's economies."



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