Mubasher: Al Imtiaz Investment Group will finalise all official procedures required for the merger between Albilad Real Estate Co and Dimah Capital Investment Company, the CEO of Al Imtiaz said.

The procedures are expected to be completed during the first quarter of 2019, Nawaf Marafi told CNBC Arabia.

Marafi added that Al Imtiaz will continue focusing on operating companies as part of the current investment portfolio in addition to improving the company’s assets, according to CNBC Arabia.

This merger will create investment arm at a capital of KWD 44 million ($145 million).