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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Failure of merger of Qatari banks

    Rocky
    Rocky
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    • Post n°1

    Failure of merger of Qatari banks Empty Failure of merger of Qatari banks

    Post by Rocky Wed Apr 25, 2018 2:47 am

    [ltr]Failure of merger of Qatari banks[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-04-24 at 20:05 (Baghdad time)
    [ltr]Failure of merger of Qatari banks %D8%A8%D9%86%D9%83%20%D9%82%D8%B7%D8%A4[/ltr]
    [ltr]Follow - Mawazine News[/ltr]
    [ltr]The talks involving the merger of three Qatari banks, intended to form a bank with assets of $ 49 billion, have reached a standstill for price disputes among shareholders, including the former Qatari prime minister.[/ltr]
    [ltr]The Bloomberg news agency quoted informed sources as saying that the dispute over the price led to the merger of three banks, namely Al Rayyan, Barwa Bank and Qatar International Bank, to a standstill.[/ltr]
    [ltr]According to sources who asked not to be identified as to the specificity of the issue, the initial agreement reached on pricing late last year indicated that discussions were currently pending and the fate of the deal was not yet clear.[/ltr]
    [ltr]Qatar began talks in December 2016 to create the third largest Islamic bank in the Middle East, with assets expected to reach $ 49 billion.[/ltr]
    [ltr]The banks had planned to complete the merger by the end of 2017, and the deal was due to take place after the approval of their organizers, said the chairman of the bank Hussein Al-Abdullah, in February.[/ltr]
    [ltr]Before the deal faced obstacles, shareholders were planning to buy Barwa Bank and then merge with Qatar International Bank, the sources said.[/ltr]
    [ltr]Bloomberg said the billionaire investor and former Qatari prime minister Hamad bin Jassim is the chairman of Qatar International Bank, while his son Mohammed is the president and managing director of Barwa Bank.[/ltr]
    [ltr]Qatar, with a population of 2.5 million, has about 20 domestic and international banks competing among themselves on the Qatari market. Qatar International Bank, the largest lender in the Middle East, according to Bloomberg data.[/ltr]


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