Deals
Oman’s Sohar Bank Bids for Smaller Rival Amid Global Deal Lull
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Two Omani lenders are considering a merger to form one of the sultanate’s largest domestic banking groups with nearly $30 billion in assets, amid a slowdown in global deal activity due to uncertainty about Donald Trump’s tariffs.
Ahli Bank SAOG announced late Monday that its board would discuss a merger proposal from its larger rival, Sohar International Bank SAOG. The proposed deal would involve the transfer of all of Ahli’s assets and liabilities to Sohar. In exchange, Ahli’s shareholders would receive a stake in Sohar.