The merger is expected to complete before the end of this year
As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties
Operations under the new name and structure are planned to start on April 1, 2021
The two companies have several underutilised factories around the globe
Last year, Kuwait Finance House offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8bn
The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets
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