Islamic Finance
Mergers & Acquisitions
Uncategorized
Malaysia's MIDF said to mull merger with Saudi's Al Rajhi
Malaysian Industrial Development Finance, the state-backed lender, is exploring a combination with the local unit of Saudi Arabia’s Al Rajhi Bank as it seeks to become a universal Islamic bank, people familiar with the matter said. The potential merger would expand the scope of MIDF’s business and give it the…
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Click here to read the full story: Arabian Business