Qatar central bank backs three-way Islamic bank merger:
"Qatar’s central bank hopes a planned merger between three local Islamic banks can proceed this year, its governor said on Tuesday, in his clearest show of support for the deal so far.
However, Sheikh Abdullah bin Saud al-Thani also said in a newspaper interview the deal would depend on other factors, such as shareholder support, and the central bank was waiting for a report by financial advisers before taking action on the merger.
Masraf Al Rayan MARK.QA, Barwa Bank IPO-BABK.QA and International Bank of Qatar have been discussing a merger, though they missed an end-2017 target date to complete the proposed deal, which sources familiar with the matter had said enjoyed the support of shareholders."
'via Blog this'
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