HSBC Oman mulls merger in talks with local bank 

Mark Battersby
clock • 1 min read

HSBC Bank Oman said on 19 June it would hold preliminary talks with local Sohar International Bank to discuss a possible merger.  Sohar International had earlier announced in a filing to the Muscat Stock Exchange: "The board of directors of Sohar International (SIB) in its meeting held on June 15, 2022, resolved to send a letter of intent to the Board of Directors of HSBC Bank Oman (HSBC Oman) to explore the possibility of a merger between the two entities, in a deal which would involve HSBC Oman shareholders being offered cash and shares - subject to obtaining final approvals from the r...

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