US EditionTakeover raises Oman bank competition concerns
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Takeover raises Oman bank competition concerns
Ahli Bank acquired by Sohar Deal still needs official approval Sohar bought HSBC Oman in 2023 Oman’s second-largest lender by assets, Sohar International Bank, has secured approval from a smaller rival, Ahli Bank, for it to acquire Ahli. The takeover comes as concerns are raised that consolidation in the country’s banking sector could limit choice and competition, and raise costs for customers. Ahli Bank, which was set up in 2007, said in a stat…
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