Bahrain's Al Baraka to merge unit with Pakistan's Burj Bank

Bahrain's Al Baraka to merge unit with Pakistan's Burj Bank

The merger, which was approved by shareholders of the two banks last month and still needs regulatory approvals, would see Burj Bank holders receive one Al Baraka Bank (Pakistan) share for every 1.7 shares in Burj, the Bahraini bank said on Monday.

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