Bank Dhofar, NBO to start merger talks

Muscat – The Board of Directors of Bank Dhofar and and the National Bank of Oman (NBO) have decided to start a dialogue to study the possibility of a merger between the two institutions.

In separate filings to Muscat Securities Market (MSM), both banks said the merger will be  subject to the final approvals of the boards of directors of banks, shareholders, stakeholders and regulators.