Ahlibank Board Rejects BankDhofar Merger Offer

The board of directors of Ahlibank has decided not to accept the proposal from BankDhofar to explore the merger between two banks. On Monday, the board of directors of BankDhofar submitted a non-binding offer to the board of directors of Ahlibank to explore the possibility of a merger deal between two banks.

‘With reference to our previous disclosure on Tuesday regarding the receipt of a non-binding offer from BankDhofar for a potential merger, we would like to inform that the board of directors has studied the proposal and decided not to accept it,’ Ahlibank said in a disclosure submitted to the Muscat Stock Exchange.