Al-Khaliji plans acquisition
Al-Khaliji bank is in negotiations with France's BLC Bank to acquire its assets in the UAE, which include bank branches in Abu Dhabi, Dubai, Ras al-Khaimah and Sharjah. It is part of the Qatar-based bank's plans to build a network in the GCC. Al-Khaliji, which was established in January, hopes to finalise the deal before the end of November. It will then seek regulatory approval.
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