ZAWYA: Oman’s Bank Nizwa proposes Alizz merger; Ominvest to take 20% stake
Staff WriterOman’s Bank Nizwa has proposed a merger with Alizz Islamic Bank, while bringing Oman International Development and Investment Company (Ominvest) on board as a strategic stakeholder.Bank Nizwa will offer an indicative valuation of 1.2 times book value and a stake of up to 20% to Ominvest…