The board had received a letter from the bank last Monday, which proposed a merger
UFC
UFCI
3.57%
0.06
0.00
UFCI
Alizz Islamic Bank
BKIZ
0.00%
0.07
0.00
BKIZ
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.
Source:
Mubasher