Ahli Bank has received a non-binding offer from Bank Dhofar expressing its desire to explore the possibility of a merger between the two banks.
The board of directors of Ahli Bank will study the offer and any material developments in this regard will be announced in due course, a statement from Ahli Bank to the Muscat Stock Exchange (MSX) said.
Should they proceed with a merger, a combination could create a bank with more than $19 billion in assets, according to agencies.
Bank Dhofar, the second-largest lender by assets, was previously in talks with Sohar International on a possible merger but ended negotiations.
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