The merger of Qatari banks Masraf Al Rayan (Q.P.S.C.) (DSM:MARK), Barwa Bank and International Bank of Qatar Q.S.C. will take six months to complete, Masraf Al Rayan's Chairman Hussain Ali Al-Abdullah said on April 2, 2017. The new bank, which would be run in compliance with Islamic banking principles, would have assets worth more than QAR 160 billion. “I think the merger will finish within six months. There will be a lot of synergy between the three banks," Abdullah told reporters at Masraf's annual general meeting on April 2, 2017. Masraf Al Rayan, an Islamic lender, has appointed KPMG and PricewaterhouseCoopers as merger advisers, along with law firm Allen & Overy as legal adviser, said Abdullah, adding that Barwa Bank and International Bank of Qatar had also chosen advisers.