National Bank of Oman has walked away from talks to buy United Finance after due diligence, it said on Tuesday.
"After careful consideration, NBO now wishes to confirm that it will not be pursuing this transaction further and
The shareholders of National Bank of Oman approved the issuance of a Tier-1 instrument of up to $300 million, the lender said on Thursday.
They also approved increasing the limit of an existing $600 million Euro Medium Term Notes
National Bank of Oman (NBO) has offered to buy fellow domestic lender United Finance Co , challenging a potential merger with Bank Nizwa in the country's cluttered banking sector.
National Bank of Oman has a market capitalisat
The National Bank of Oman (NBO) has signed a construction contract worth RO50 million ($129.4 million) with Al Turki Enterprises, a 100 per cent Omani-owned construction company, for its new headquarters in Muscat, a report said.
National Bank of Oman (NBO) has awarded a contract for the construction of its new head office building in the Omani capital, said a report.
Omani construction group Al Turki Enterprises is set to handle the project which will be
Dentons, a major global law firm, has advised the National Bank Oman (NBO) on the establishment of a listed and rated $600 million Euro Medium Term Note programme, and the debut issue of $500 million 3.125 per cent Notes.
National Bank of Oman (NBO), the sultanate's second-largest lender by assets, has picked four banks for a potential US dollar-denominated benchmark bond issue, a document from arranging banks said on Monday.
The bank has manda
National Bank of Oman has appointed Ahmed Al Musalmi as its new chief executive.
Al Musalmi, who has served the bank as deputy chief executive since 2011, succeeds Salaam Al Shaksy who is leaving the bank, the bank said yesterday.
National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a near-flat second quarter net profit, Reuters calculated, beating analyst estimates.
The lender made a second-quarter net profit of
National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8-percent rise jump in fourth-quarter net profit on Sunday, beating analysts' expectations.
The lender made a net profit of