Muscat-Mubasher: United Finance’s board decided to reject merger with Al Omaniya Financial Services as the latter firm did not make an acceptable financially binding offer, according to a bourse filing.

The board met on 23 August to review Al Omaniya’s letter dated 11 August.

The company previously reported a 9% profit rise to OMR 2.49 million in Q2-15, compared to OMR 2.29 in Q2-14.