Islamic Finance
Mergers & Acquisitions
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Oman Arab Bank, Alizz Islamic explore merger
Oman Arab Bank, a unit of Ominvest and Alizz Islamic Bank are exploring a merger, the two banks said on Thursday, joining an increasing trend among Gulf banks to consolidate. Alizz Islamic said its chairman received a letter from the chairman of Oman Arab Bank requesting that the two banks…
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Click here to read the full story: Reuters