Sohar International Bank, HSBC Oman agree to seal merger

by | May 30, 2023 | 0 comments

MUSCAT – Sohar International Bank and HSBC Bank Oman signed a binding merger agreement after talks that kicked off in June 2022.

The two banks agreed to take necessary steps to seal the merger so that all assets and liabilities of HSBC Bank Oman will be transferred to Sohar International upon the conclusion of the merger. Thereafter, HSBC Bank Oman will be dissolved and cease to exist as a legal entity.

(Source: ONA)

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