Welcome to Sohar International’s Merger & Acquisition (M&A) knowledge center developed to provide you with a comprehensive list of resources that act as a guide to addresses your enquiries and concerns during the transition phase of HSBC Bank Oman merging with Sohar International by incorporation.
Please explore the information provided herewith which will address your general enquiries. We are committed to keeping you informed every step of the way and are here to provide support and assistance as needed.
Aligned to Oman Vision 2040, Sohar International considers itself as a catalyst for positive change and a significant partner contributing towards the nation’s diversification agenda. In line with our agile growth strategy and further to the disclosures made on 19 Jun 2022 and 26 Jul 2022, Sohar International had announced that its Board of Directors approved the entry into a binding merger agreement with HSBC Bank Oman under which the two banks agreed to take the necessary steps to implement a merger by incorporation.
Post receiving approval from the Central Bank of Oman on 5 Feb 2023 for the proposed merger with HSBC Bank Oman, and Shareholder approvals obtained during the Extraordinary General Meeting (EGM) held on 20 June 2023, the merger process has concluded successfully resulting in an entity that can do more for Oman and the people of Oman.