trending Market Intelligence /marketintelligence/en/news-insights/trending/lb2_wxa6-bziyuwv5bwdqa2 content esgSubNav
In This List

3 Qatari lenders end merger talks

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


3 Qatari lenders end merger talks

Qatari lenders Masraf Al Rayan QPSC, Barwa Bank QSC and International Bank of Qatar QSC have ended talks for a three-way merger as they could not reach an agreement to complete the transaction, the banks said in a June 14 filing to the Qatar Stock Exchange.

A deal would have created the largest Shariah-compliant bank in Qatar and the third-largest such lender in the Middle East.

In March, Masraf Chairman Hussain Al-Abdulla said the deal was only awaiting regulatory approval.

As of June 14, US$1 was equivalent to 3.64 Qatari riyals.