Mergers & Acquisitions
Retail Banking
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Al Khaliji's merger with Masraf Al Rayan neutral to IDRs
Fitch Ratings expects has recently announced merger of Al Khalij Commercial Bank with Masraf Al Rayan to be neutral to AKCB's Issuer Default Ratings (IDR), which are driven by potential sovereign support. The merger has been approved by the board of directors of both banks and is expected to be…
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Source: AL Khaliji