Sohar International to Open London Branch

Sohar International Bank announced on Sunday its intention to open a branch in London, the United Kingdom.

The bank’s board of directors, during a meeting on Sunday, resolved to apply to the regulators in Oman and the UK for a license to open a branch for Sohar International in London, according to a disclosure submitted to the Muscat Stock Exchange.

“The board would like to affirm to the shareholders and the market that this step aligns with Sohar International’s strategy to support Oman’s Vision 2040. The step also reflects Sohar International’s consistent endeavours to take the best of Oman to the world and bring the best of the world to Oman,” said Ahmed al Musalmi, Chief Executive Officer of Sohar International, in the disclosure.

He added that the bank’s board of directors will keep the market and shareholders updated on any further progress regarding this matter.