Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as $300 million, including through the issuance of capital-boosting bonds, it said on Saturday.
The lender s
Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday.
Oman's Bank Dhofar, the third-largest lender in the sultanate by assets, plans to boost its capital by issuing up to 115.5 million rials ($300 million) of Tier 1 capital instruments in 2015, it said on Thursday.
In addition, t
Bank Dhofar, the Omani lender planning to merge with smaller peer Bank Sohar, said on Sunday that its chief executive Anthony Mahoney had resigned for personal reasons.
Bank Dhofar has appointed Abdul Omar Al-O
Bank Dhofar, Oman's second-largest bank by market value, posted a 20.8 per cent drop in second-quarter net profit, according to Reuters calculations, missing the average forecast of analysts.
The lender made 8.36 million rials
Bank Dhofar, Oman's second-largest bank by market value, said on Tuesday it would begin talks with fellow lender Bank Sohar over a possible merger.
Any potential tie-up would be dependent on a similar desir
Oman's Primary Court has returned RO26.1 million ($67.8 million) to Bank Dhofar, the Sultanate's second-largest lender by market value, after an appeals court overturned a 2011 ruling against it, the bank said on Monday.
Bank Dhofar, Oman's second-largest bank by market capitalisation, saw its first-quarter net profit rise marginally by 0.2 per cent, the bank said in a statement.
Net profit for the first three months of 2012 stood at 9.4 million rials ($2
Omani lender Bank Dhofar said a $68 million lawsuit filed by rival Oman International Bank will not hit profit performance in the second half because it has already set aside funds to cover any penalty.
Mohammed Redha Jawad, acting chief e
Oman's Bank Dhofar has been ordered to pay 26.1 million rials ($67.8 million) into an enforcement court's account in a lawsuit filed by rival Oman International Bank (OIB), Bank Dhofar said on Monday.
The lawsuit related to a dispute betwe