Banking & Finance
CBO Approves Sohar International’s Proposed Merger With HSBC Oman

Sohar International, one of the leading banks in the Sultanate, has published a new update to its disclosure regarding its merger proposal with HSBC Oman.
In an online announcement to Muscat Stock Exchange (MSX), the bank revealed the Central Bank of Oman’s approval of the proposed merger. HSBC Oman also published a concurrent statement to MSX.
The disclosure reads: “Further to the disclosures made on 16th June 2022, on 26th July 2022, and on 16th November 2022, Sohar International Bank SAOG would like to announce that it has received approval from the Central Bank of Oman for its proposed merger with HSBC Bank Oman SAOG.
“The merger, which is still subject to approval from other relevant regulatory bodies as well as from the respective shareholders of the two entities at their Extraordinary General Meetings, is expected to complete in the second half of 2023.”
More details are awaited soon.
-
Economy2 months ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
OER Magazines1 month ago
OER, March 2025
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, March 2025
-
News2 months ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
News4 weeks ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
News4 weeks ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
Automotive4 weeks ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Omantel Partners with TeKnowledge to Enhance Employee Skills in AI & Data Science