Source - RNS
RNS Number : 6846M
Bank Dhofar S.A.O.G
17 October 2016

Company Announcement

For immediate release

Bank Dhofar S.A.O.G.

Bank Dhofar Building

Bank Al Markazi Street

Post Box 1507, Ruwi

Postal Code 112

Sultanate of Oman

(the "Bank")



17 October 2016

Re: Update on Proposed Merger of Bank Dhofar and Bank Sohar


With reference to the Bank's previous announcement regarding the proposed merger of Bank Dhofar and Bank Sohar (the Proposed Merger) dated 8 June 2016, we would like to inform you that both banks have been unable to reach agreement on certain important key issues relating to the completion of the Proposed Merger. 


Accordingly, the Board of Bank Dhofar has decided, after much deliberation, that it is in the best interests of shareholders to discontinue the negotiations on the Proposed Merger with Bank Sohar.



For further information please contact:  


Mr Shankar Sharma

Chief Financial Officer

Telephone: +968 24 790 466 (Ext:530)

Email:[email protected]





This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.




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