Al Khaliji and IBQ in final stages of merger talks
- Qatar: Wednesday, December 22 - 2010 at 08:52
Qatar's Al Khaliji and the International Bank of Qatar have announced progress in the proposed merger and said they are now entering final stages of negotiations and due diligence, including formal discussions with key regulators. "The merger remains subject to approval from the relevant government and regulatory authorities in the country, as well as the board and shareholders of both lenders," a joint statement said.
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