Oman’s United Finance States Concurs In Principle To Bank Nizwa Merger

February 18, 2015 Nemes Finance

DUBAI Feb 15 (Reuters) – Omans United Finance Co.
has actually concurred in principle to combine with Islamic lender Bank Nizwa.
, the monetary firm said on Sunday.

On Wednesday, United Finance said it would think about Bank.
Nizwas merger proposal when its board next met, which was the.
following day, according to a statement to Muscats bourse.Bank Nizwa, which

began operations in 2013 as one of. Omans two full-fledged Islamic banks, has a market. capitalisation of about$339 million, according to Thomson. Reuters data.United Finance describes itself as Omans largest non-bank. monetary organization, and provides loans and leasing services as. well as corporate deposits. Its market capitalisation is about.
$106 million. (Reporting by Matt Smith; editing by Olzhas Auyezov)


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