National Bank of Oman and Bank Dhofar to begin merger talks

31 Jul 2018
POSTED BY Y Magazine

National Bank of Oman (NBO) and Bank Dhofar have agreed to begin talks regarding a possible merger, according to disclosures filed to the Muscat Securities Market (MSM).

“The board of directors of National Bank of Oman in its meeting held on Sunday resolved to commence discussion with Bank Dhofar to explore the possibility of a merger between the two entities, subject to obtaining final approvals from the respective boards, shareholders, stakeholders and regulations,” NBO’s statement to the MSM noted.

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