Commercial Bank: National Bank of Oman Discloses Discussions on Possible Merger with Bank Dhofar

July 30, 2018

The Commercial Bank of Qatar holds a stake of 34.9% in National Bank of Oman. The Board of Directors of National Bank of Oman in its meeting held on July 29th 2018 resolved to commence discussions with Bank Dhofar to explore the possibility of a merger between the two entities – subject to obtaining final approvals from the respective Boards, shareholders, stakeholders and regulators.