No 51



Bank Muscat Buys ABN AMROs BahrainOperations

Bank Muscat on 2 December signedan agreement to buy the commercial banking operations of ABN AMRO in Bahrain.The agreement was signed on the Omani side by the CEO of Bank Muscat 'Abdal-Razaq bin 'Ali al-'Isa and for the Dutch bank by Theo Park, the regionalmanager in the Middle East. The value of the deal has not been publicly disclosed.Mr 'Isa said in a statement that the purchase of the bank aims to establish the...