Leading Qatari banks Masraf Al Rayan and Al Khaliji have entered into a merger agreement to create one of the region's leading Shari’ah-compliant regional banks. The merger agreement is conditional on, amongst other things, obtaining regulatory approvals and upon the requisite resolutions being passed by the shareholders of Al Rayan and Al Khaliji. Both entities will continue to operate independently until the effective date of the merger. It will be ...