Announced
Completed
Financials
Tags
Merger
Single Bidder
Acquisition
Domestic
Banks
Friendly
Qatar
banking
Majority
Public
Completed
Synopsis
Masraf Al Rayan, a Qatari public bank, completed the merger with Al Khaliji, a provider of banking and financial services, in a $2.2bn deal. “This is a landmark transaction that will contribute to the State of Qatar’s economic growth, vision and ambitions and is a testament to our commitment to creating a more robust Qatari banking system. The combined entity will create an even stronger institution that will aim to create value for our customers and shareholders,” H.E. Ali Bin Ahmed Al Kuwari, Al Rayan Chairman.
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