No 2



Bank Dhofar Merger With Majan Bank Given The Go-Ahead

The merger of Bank Dhofar al-Omani al-Fransi, the fourth largest bank in Oman, and Majan International Bank, one of the smallest there, has been sealed following an extraordinary general meeting (EGM) between the two banks on 28 December. According to Muhammad Redha, deputy general manager at Majan Bank, the new bank will begin operations after the 90-day statutory period required by the Central Bank of Oman....