03-06-2021
Commercial Bank (Q.P.S.C.) (the Offeror) announces an offer to all shareholders of the National Bank of Oman (S.A.O.G.) (the Offeree Company) to acquire an additional 15.2% of issued capital the company.
In accordance with Article 2 of the Qatar Financial Markets Authority’s Regulations on Acquisition and Mergers (the “Regulation”), we are required to disclose certain information (unless otherwise specified, the definitions shall have the same meanings as those specified in the Regulations). Therefore, we disclose it as follows:
a. The name of the company submitting the offer, its head office, objectives, capital, address, the names of the members of the senior management and its major shareholders, and the contribution percentage of each of them to the offeree company.
The offeror is The Commercial Bank (Q.P.S.C), a bank licensed by the Qatar Central Bank, commercial registration number 150, and its head office is located in Commercial Bank Plaza, P.O. 3232, Doha, Qatar.
The price offered by the offeror
0.200 Omani Riyals per share in the Offeree Company.
The purpose of the acquisition or merger
Increasing the offeror's stake in the offeree company to include it as a subsidiary company of the offeror.
The offeror's purposes can be found in the offeror's platform available at the following link
https://www.cbq.qa/EN/AboutUs/For-Investors/Documents/Dual%20AOA.pdf