VOL. XL No. 2019-May-1997
Another Two Omani Banks Merge
Following the merger of the Oman Development Bank (ODB) and the Oman Bankfor Agriculture and Fisheries last April (MEES, 14 April), another two Omanibanks have decided to tie the knot. The shareholders of Oman Savings and FinanceBank and Commercial Bank of Oman voted on 11 May to merge the two banks,according to the Arabic daily al-Watan. A managing director for the new bank,which will retain the name Commercial Bank of Oman, will be...