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
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)
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS