Oman’s Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the duo said, in the latest move towards consolidation in the country’s bloated banking sector.
The two lenders agreed t
ILF Consulting Engineers, an Austria-based international firm, has been awarded a contract to provide consulting and engineering services for the setting up of Oman’s first wind power project, a report said.
ILF will advise
Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement.
It is th
Omani lender Bank Dhofar , currently in merger talks with smaller rival Bank Sohar, plans to raise a $75 million subordinated loan to help boost its capital reserves, the bank said in a statement on Thursday.
The loan plans, which
Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 per cent decline in third-quarter net profit, Reuters calculated on Sunday.
Oman's second-largest bank by market value made a profit of 8.
The Environment Society of Oman (ESO) recently held a ‘Let’s Plant One’ tree-planting campaign in the Dhofar region of Southern Oman, which is a biodiversity hotspot with more than 900 plant species.
Oman-based Dhofar Global Trading said it was honoured with the ‘Best Green Investment Project’ award at the recent Arab Achievement Awards for the second consecutive year for its ‘cut back’ sustainability initiative.
One of the region’s le
Oman-based Dhofar Global Trading, a leading hygiene paper and dispenser supplier, won the ‘Best green investment project’ award at the recent Arab Achievement Awards in Abu Dhabi.
Dhofar’s ‘Cut Back’ initiative, through product innovation