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.
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
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