NBO to shut down Egypt operations: MSM

Muscat: National Bank of Oman (NBO) has decided to shut down operations in Egypt, it said in a filing to Muscat Securities Market (MSM) on Monday.

“The board had resolved to exit from Egypt and close its last branch and operations there. The bank would be targeting the end of the first quarter of 2020 to reach that exit,” it said in the filing.

Meanwhile, the bank will be relocating its branch at Souq al Khuwair to MIC Tower next to Mustafa Sultan Electronics, the company said in a separate filing.

Oman Observer

To get free breaking news and updates from Oman Observer, WhatsApp your name and email to 96473232. https://www.omanobserver.om/ is now on Telegram. Join our channel https://t.me/OmanObserverNews in your Telegram and stay updated

observer has 8813 posts and counting.See all posts by observer