Deals
Oman’s Second-Largest Bank Weighs Merger With Smaller Rival
- Combined bank would have more than $19 billion in assets
- About 20 banks cater to a population of over 5 million in Oman
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Oman’s Bank Dhofar SAOG plans to submit a non-binding bid to merge with smaller rival Ahli Bank SAOG in a deal that could create an entity with more than $19 billion in assets.
Any transaction will be subject to approval from regulators and the boards of both lenders, Bank Dhofar said in a statement late Monday, without giving further details.