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UFC Oman to discuss merger with Alizz Islamic Bank

UFC Oman to discuss merger with Alizz Islamic Bank
The board had received a letter from the bank last Monday, which proposed a merger
UFC
UFCI
-1.69% 0.06 -0.00
Alizz Islamic Bank
BKIZ
0.00% 0.07 0.00

Mubasher: The board of directors of Oman’s United Finance Company (UFC) has approved to hold talks with Alizz Islamic Bank regarding a possible merger.

The board had received a letter from the bank last Monday, which proposed a merger on a full cash acquisition basis, given the needed approvals from the relevant regulatory authorities.