Qatar Commercial Bank opposes NBO’s merger with Dhofar

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هذه الصفحة متوفرة بهذه اللغة: العربية

23 December 2018

Muscat (WAF): Qatar-based Commercial Bank does not support the possible merger between National Bank of Oman (NBO) and Bank Dhofar, the Qatari bank said in a statement on Qatar Stock Exchange.

Commercial Bank of Qatar (CBQ) owns 34.9% in Oman-based NBO. “(We) have informed NBO that we do not support the merger” CBQ said in its statement on 20th of December.

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“NBO will consider the interests of all its shareholders in assessing the merits of a merger with Bank Dhofar”, NBO said today in a statement posted on Muscat Securities Market (MSM).