The deal would have made the bank the region’s third-biggest Islamic lender. REUTERS/Stringer/File Photo
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Talks to merge three Qatari banks have hit a roadblock as shareholders – which include former Prime Minister Sheikh Hamad bin Jassim Al-Thani – disagree on price, according to people with knowledge of the matter.Shares of Masraf, the only listed bank involved in the merger plan, closed down 1.7 percent to 35.69 riyals in Doha, the biggest drop in almost six weeks.Before the deal stalled, shareholders had planned that Masraf would buy Barwa Bank and then IBQ would be folded in, the people said.Qatar, a country of 2.5 million people, has about 20 local and international banks competing for a share of business.
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