No. 23



Bank Muscat To Acquire ABN AMROs Bahrain Operations

Omans Bank Muscat intends to acquire the operations of ABN AMRO in Bahrain, according to local media reports. The Oman Observer reported on 22 May that the negotiations are at an advanced stage and that final due diligence is now being undertaken. "It takes one month to complete the process," a Bank Muscat executive was quoted as saying. ABN AMRO has both onshore and offshore operations in Bahrain, which,...