Al-Salam Bank Bahrain progressing merger talks with Bahrain Saudi Bank
Bahrain-based lenders Al Salam Bank and Bahrain Saudi Bank said in a joint statement posted on the Bahrain stock exchange that the due diligence and evaluation is expected to be completed in the coming weeks. The planned merger would create a bank with combined market value of USD 400 mn.
The two banks said regulators and shareholders would be approached in April to approve the deal.
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