Qatar-based Barwa Bank, a unit fully owned by Barwa Real Estate, has said it has received the approval of the country's central bank to acquire local investment firm, The First Investor, in an effort to create a 'Universal Islamic Banking Group' headquartered in Doha. 'Both companies are currently in the process of finalising all necessary filings in order for TFI shareholders to be issued shares in Barwa Bank,' the lender said in a statement.
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