DUBAI, Nov 16 (Reuters) - HSBC Bank Oman and local rival Sohar International Bank have entered into a binding merger agreement, the two lenders said on Wednesday.

DUBAI, United Arab Emirates — HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just over half ...

HSBC Bank Oman, a unit of HSBC Holdings plc HSBC, has agreed to hold preliminary talks with Sohar International Bank after the latter showed interest in merging with HSBC. Last week, Sohar ...

HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. ... HSBC Oman's market capitalisation was $587 million as of its last closing.

HSBC will hold 51 per cent of the group, to be named HSBC Bank Oman. OIB is Oman’s fifth-largest bank, with the second-largest branch network in the country and gross assets of $3.2bn.

International bank HSBC says its Omani unit has already attracted a “significant” amount of business since its merger with Oman International Bank (OIB) less than a year ago. More than 60 branches ...

The signage of the bank's 88 branches in the sultanate's various governorates will now be HSBC's signature red hexagon logo. In just 112 days, employees of HSBC and OIB have managed to meet many ...

OIB is Oman’s fifth-largest bank, with the second-largest branch network in the country and gross assets of US$3.2bn. The merger was slated to close in the second quarter and HSBC was planning to ...

Muscat - The year 2012 was filled with momentous occasions for HSBC as the bank's operations in Oman, represented by HSBC Middle East Ltd, joined forces with Oman International Bank to become a major ...

DUBAI, Nov 16 (Reuters) - HSBC Bank Oman and local rival Sohar International Bank have entered into a binding merger agreement, the two lenders said on Wednesday. All assets and liabilities of ...

HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just over half of the new company.London-based ...

HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just over half of the new company.London-based ...