No. 26



BOBK And Commercial Bank Of Oman Merge

The Bank of Oman, Bahrain and Kuwait (BOBK) and the Commercial Bank of Oman completedtheir merger on 20 June, Mr. Gautam Vir, senior vice-president of the newly created bank -to be called the Commercial Bank of Oman - told Reuters. The merger has beenexpected since late last year when Bank of Bahrain and Kuwait confirmed that it wasselling its 49% stake in its Omani associate, BOBK, to al-Ahlia Portfolio Securities andOman...