Khaliji bank and the International Bank of Qatar on Tuesday said merger talks
between them are in the final stages.
between the two lenders began in May, and are now entering formal discussions
with regulators, the banks said in an emailed statement.
merger remains subject to approval from Qatar regulatory authorities.
Khaliji, Qatar’s sixth largest bank by market value, reported a 142 percent
rise in net profits for the third quarter of 2010 to QR220m ($90.62m).
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.