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 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
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 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