Friday 1 August 2014
 
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Dhofar bank

Sohar agrees to consider Bank Dhofar merger offer

Bank Sohar, Oman's fifth-largest lender, said on Sunday that it would consider a proposal from larger peer Bank Dhofar to merge operations, a move which would create the country's second-largest bank with $10.7 billion of assets.

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Oman's Dhofar bank Q4 net up 5pc

Oman's Bank Dhofar posted a 5.1 per cent rise in fourth-quarter net profit, although it didn't help to arrest a large drop in full-year net income, the bank said in a statement to the Muscat bourse on Thursday. Bank Dhofar, the Sultanate's

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Oman's Dhofar plans $182m rights issue

Bank Dhofar, Oman's third-largest lender by market value, said on Thursday its board had approved a plan to raise RO70 million ($181.8 million) in a rights issue to finance growth. 'The issue price and the number of shares will be determin

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