Mubasher: Al Imtiaz Investment Group said that the boards of its two subsidiaries, Dimah Capital Real Estate and Al Bilad Real Estate Investment Co, recommended approving a merger study.

Al Bilad has proposed merging with Dimah Capital; the boards’ recommendation is subject to the approval of the Capital Markets Authority (CMA), other regulatory entities, and the general ordinary meetings (OGM) of the two subsidiaries, according to a bourse statement issued on Thursday.