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Oman’s Al Ahli Bank said it has received a non-binding offer from Bank Dhofar S.A.O.G exploring the possibility of a merger between them.
In a regulatory filing on the Muscat Stock Exchange where its shares trade, Al Ahli Bank said its board of directors would study the offer
Bank Dhofar, Oman's second-largest lender by assets, was previously in talks with smaller rival Bank Sohar on a possible merger, but ended negotiations as they were unable to reach an agreement.
(Writing by Brinda Darasha; editing by Seban Scaria)
