No 48



Omans Bank Dhofar And Majan Bank Set For Merger

Bank Dhofar al-Omani al-Fransi and the struggling Majan International Bank are in the advanced stages of merger plans which would consolidate the position of Bank Dhofar as one of the four largest banks in Oman. Bank Dhofar has 43 branches and is Omans fourth largest bank in terms of equity, capital and assets, but is only half the size of Oman International Bank (OIB), the third largest bank in the sector. Majan...