Khaleeji Commercial Bank, Bank Al Khair form merger committee

Posted by on Jul 4th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

The two entities signed an MoU on the potential merger and a steering committee of senior representatives from both parties has been formed. Subsequently, a service provider was appointed to undertake valuation of both entities. KHCB has also appointed an advisor to assist it. Valuations and preliminary due diligence is expected to be completed within two months.

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