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HSBC Bank Oman SOAG (HSBC Oman) and Sohar International Bank SAOG (Sohar International) non-binding agreement on potential merger
HSBC Oman and Sohar International have agreed to enter an exclusive, non-binding memorandum of understanding (MoU) regarding a potential merger of the two banks.
At this stage, nothing changes for HSBC Oman customers and we remain focused on serving them and supporting their plans.
There is no additional information to share at this stage. Further announcements and detailed customer communications will be made if there is further, significant progress. Our statement to the Muscat Stock Exchange regarding the MoU is available on this link.