Karim's Chief Financial Officer: "Ober" will keep our brand at the moment

Business

Anwar and Karim will remain separate entities until at least the first quarter of 2020, the date of completion of Ober's takeover of its competitor, Ankor Shah, chief financial officer of Karim Middle East Tax Applications, said today. Under the $ 3.1 billion acquisition, Karim will become a wholly owned subsidiary of Ober, but Karim's brand and application will remain unchanged at least initially. "Keeping two separate brands in the same market is better for competition," Shah said at a conference in Dubai.

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