Bahrain Tourism Company (BTC) has signed seperate Memorandum of Understandings (MoU) with Gulf Hotels Group (GHG) and Al Jazeera Tourism Company (AJTC) to evaluate the feasibility of a merger.

GHG has expressed an intent to acquire 100% of the outstanding shares of BTC though a securites exhange offer.

AJTC has also expressed an intent to merge its operations with BTC through a securities exchange offer.

BTC has set up a merger committee and appointed a financial advisor to chase the transaction, subject to getting shareholder approval and seeking the necessary regulatory consents.