REG - Commercial Bk Qatar - CB Associate NBO possible merger with Bank Dohfar

Commercial Bank PSQCAnnouncement

30/07/2018 12:35

RNS Number : 1798W
Commercial Bank of Qatar (Q.S.C.)
30 July 2018
 


The Commercial Bank (P.S.Q.C.)'s Disclosure Relating to National Bank of Oman (SAOG( Discussion on the Possible Merger with Bank Dhofar (SAOG)
The Commercial Bank (P.S.Q.C.) holds 34.9 % of the shares in National Bank of Oman (SAOG).  The Board of Directors of National Bank of Oman (SAOG) in its meeting held on July 29th 2018 resolved to commence discussion with Bank Dhofar to explore the possibility of a merger between the two entities - subject to obtaining final approvals from the respective Boards, shareholders, stakeholders and regulators.
 
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