Disclosure Regarding OMINVEST Subsidiary (Oman Arab Bank S.A.O.C.)

Disclosure Regarding OMINVEST Subsidiary – Oman Arab Bank S.A.O.C.

 

Oman Arab Bank S.A.O.C. (a subsidiary of Oman International Development and Investment Company S.A.O.G.) wrote to Alizz Islamic Bank S.A.O.G. on 22 May 2018, to explore the possibility for a Strategic Collaboration that may lead to an eventual merger of the two entities. The potential Strategic Collaboration will be subject to both institutions agreeing on the terms of the transaction and subsequent approvals from the respective Board of Directors, Shareholders and the Regulators.