Monday 10, July 2017 by Nabilah Annuar

Alizz Islamic Bank halts merger talks with United Finance Company

Oman’s Alizz Islamic Bank says it has ‘decided not to pursue’ the merger with United Finance Company and to stop discussions.

In a statement to the Muscat Securities Market, Alizz Islamic Bank said that ‘based on the recent decision of United Finance Company dated 20 June 2017 to decline Alizz Islamic Bank offer for exploring  a possible merger of the two institutions through a combination of a share swap and cash’, its Board of Directors has terminated the merger talks.

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