Middle East > Oman > Company
Company in Oman
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Bank Dhofar, the sultanate's second-major bank
OMAN, 2013/07/20 Bank Dhofar, the sultanate's second-major bank by market price, said on Tuesday it would begin talks with fellow Omani lender Bank Sohar over a possible merger. Any potential tie-up would be dependent on a similar desire to merge at Bank Sohar, satisfactory due diligence and the approval of both sets of shareholders and the regulatory authority, Bank Dhofar said in a bourse filing. In February, Bank Sohar denied it had received any merger proposals from other banks, inclunding Bank Dhofar, in response to local press reports.
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