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Merger deal to create second biggest Omani bankOman’s Bank Sohar reached an agreement with Bank Dhofar on the terms of a proposed merger that would create a bank with combined assets of almost $16 billion, a Bloomberg report said. Each Bank Dhofar share will be exchanged More… |
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Nizwa attracts record $1.77bn in IPOOmani lender Bank Nizwa, the Sultanate's first Islamic bank, attracted RO681 million ($1.77 billion) of bids in its initial public offer of shares, 11 times the sum which it was raising, the lead manager for the IPO said on Saturday. T More… |
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Bank Muscat Q3 net profit up 15.8pcBank Muscat, Oman's largest lender by market value, reported a 15.8 per cent increase in third-quarter net profit on Wednesday, edging ahead of analysts' forecasts. The bank recorded a net profit of RO29.9 million ($77.66 million) More… |
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Bank Muscat swings to Q4 profitBank Muscat, Oman's largest lender by market value, beat analyst forecasts and returned to profit in the fourth quarter of 2010, benefiting from a decrease in impairments and growth in loans and deposits. The bank made a quarterly prof More… |
