Ahli bank rejects merger offer from Bank Dhofar

ahli bank
ahli bank

The Ahli Bank expressed its refusal to accept a non-binding merger offer made by Bank Dhofar, in a deal that if completed, could result in an entity with assets exceeding $19 billion.

In a disclosure to Muscat Stock Exchange the company said: “After Compliments”  With reference to our previous disclosure dated 11 April 2023 regarding the receipt of a non-binding offer from Bank Dhofar S.A.O.G for a potential merger between Ahli Bank S.A.O.G and Bank Dhofar S.A.O.G. We would like to inform you that the Board of Directors has studied the proposal and decided not to accept it. 

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