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United Finance decides to go ahead with merger talks with Alizz Islamic Bank

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United Finance decides to go ahead with merger talks with Alizz Islamic Bank

United Finance Co. SAOG said June 11 that its board met to discuss the letter received from Alizz Islamic Bank SAOG regarding a potential merger of the two Omani banks and approved discussions between the two lenders, subject to the deal being on a full cash acquisition basis.

Any deal is subject to regulatory and other approvals, United Finance added.