MUSCAT – In a disclosure on the Muscat Stock Exchange (MSX), the bank confirmed that it submitted a request to the Central Bank of Oman (CBO) on August 13, 2025, seeking in-principal approval to proceed with a non-binding offer for the proposed acquisition.

“Bima is Oman’s first fully digital insurance portal licensed by the Financial Services Authority, enabling customers to compare and purchase a range of insurance products; (including motor, travel, domestic, medical, and credit-life) from multiple insurers through an intuitive online platform. This Proposed Transaction forms part of Sohar International’s vision of becoming a world-class service company that helps customers, community and people to prosper and grow.

“Completion of the Proposed Transaction will be subject to completion of due diligence in a manner satisfactory to Sohar International, negotiation and execution of definitive agreements, and receipt of required regulatory and corporate and other mandatory approvals as may be required,” the bank’s disclosure stated.