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The completion of the merger is contingent upon obtaining the final approvals of the boards of directors of banks, shareholders, stakeholders and regulators.
National Bank of Oman began Monday negotiations on a possible merger with Bank Dhofar to create a new entity with assets of up to $ 20 billion.
The two banks listed on the Muscat Stock Exchange (MSX) "The completion of the merger is subject to obtaining the final approvals of two boards of directors Banks, shareholders, stakeholders and The Watani capital, established in 1973, has about 162.6 million riyals, or $ 422.5 million, with total assets of 3.4 billion riyals, or about $ 8.8 billion on The capital of Dhofar Oman, which was established in 1990, is about 243.8 million riyals ($ 633.6 million), with total assets of 4.23 billion riyals (11 billions of dollars) at the end of June.
