11-07-2021
With reference to the offer made by the Commercial Bank (Q.P.S.C) to all shareholders of the National Bank of Oman (S.A.O.G.) to acquire an additional 15.2% share of the issued capital of the National Bank of Oman, the Commercial Bank announced today, through the Offer Manager, that the offer was accepted by some shareholders in the National Bank of Oman, representing 7.74% of the issued capital of the National Bank.
Since the acceptance rate of the shareholders of National Bank of Oman is less than the minimum takeover acceptance rate by Commercial Bank set at 15.2%, Commercial Bank has decided to exercise the option to withdraw the entire offer.