Oman's Second-Largest Bank Evaluates Potential Merger with Smaller Counterpart

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 on Monday.

Source : Oman’s Second-Largest Bank Evaluates Potential Merger with Smaller Counterpart