MUSCAT: Sohar International has received the approval from Central Bank of Oman to start due diligence process to the proposed merger with Bank Nizwa.
In November last year, Sohar International expressed its intentions to merge with Bank Nizwa, subject to regulatory and shareholder’s approval.
“The Board of Directors of Sohar International is pleased to announce that it received approval from the Central Bank of Oman for its application to go ahead with due diligence process with respect to the proposed merger, on 18 January 2022,” the bank said in a disclosure to Muscat Stock Exchange on Wednesday.
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