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Sunday, November 28, 2021 11:26 GMT
Oman-based Sohar International Bank and Bank Nizwa are considering a merger, according to Al-Arabiya. Bank Nizwa’s board welcomed the proposal from Sohar International on Nov. 25 to study the idea of merging the two banks, it was reported. Bank Nizwa recorded profit growth of 14% in the third quarter to 3 million Omani riyals (~US$7.7 million). Profit growth of Bank Nizwa increased by 6% in the first nine months of 2021 to 9 million riyals (~US$23.3 million). Bank Nizwa is Oman’s first...More