Wednesday 25 April 2018

HSBC Oman in deal to sell Pakistan business

HSBC Bank Oman has agreed to sell its banking business in Pakistan to Meezan Bank, a sharia-compliant Pakistani lender, it said on Sunday. The deal, which is subject to regulatory and other approvals, is expected to be completed d


HSBC Oman completes sale of India assets

HSBC Bank Oman has completed the sale of its Indian assets to Doha Bank, the affiliate of HSBC Holdings said in a statement on Wednesday. Shareholders of Doha Bank, Qatar's fifth-largest lender by assets, approved the purchase


Meezan to buy HSBC Oman's Pakistan unit

Karachi-based Meezan Bank has received regulatory approval to study the acquisition of the Pakistani unit of HSBC Bank Oman, the Sharia-compliant lender said in a bourse filing yesterday. In May, Meezan received central bank appro


HSBC Oman to sell Indian business to Doha Bank

HSBC Bank Oman said it had agreed on the sale of its Indian business to Qatar's Doha Bank, in a statement to the Muscat Securities Market on Wednesday. No value for the transaction was given in the statement, but the Omani len

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