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Commercial Bank Informs National Bank of
Oman It Does Not Support Merger of NBO with Bank Dhofar
December 20, 2018
The Commercial Bank holds 34.9% of the shares
in National Bank of Oman. As previously disclosed the Board of
Directors of National Bank of Oman commenced discussions with
Bank Dhofar in July 2018 to explore the possibility of a merger
between the two entities. Following careful consideration, as a
major shareholder in NBO, CB confirms that they have advised NBO
that CB does not support the merger.
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