Ahli Bank in Oman receives merger offer from Oman's Bank Dhofar

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Ahli Bank in Oman said on Tuesday it received a non-binding offer from Oman's second-biggest lender Bank Dhofar for a possible merger.

Ahli Bank, part owned by Bahrain's Ahli Bank, said in a bourse filing its board will review the offer and will update the market with any material developments.

Should they proceed with a merger, a combination could create a bank with more than $19 billion in assets. Bank Dhofar has $11.2 billion in assets, while Ahli Bank in Oman has about $7.9 billion in assets, financial statements showed. Last year, HSBC Bank Oman and local rival Sohar International Bank entered into a binding merger agreement, which was awarded approval from the central bank in February. The merger is expected to complete in the second half of this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big bank earnings in spotlight following historic failures: 'Every income statement line item is in flux'.Results from JPMorgan Chase and other big banks could set the tone for the rest of the first-quarter earnings season. Jaime manipulator. I told you. bullish. Medias sold panic and fear while organizations that pay them for this are buying all. Manipulation with fear but bullish , We have QE+ unlimited money $. Blackrock,JPMorgan, goldman always manipulate with news.
Source: MarketWatch - 🏆 3. / 97 Read more »