Bank In Oman
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Oman International Bank SAOG (OIBB)’s merger with HSBC Holdings Plc (HSBA)’s operations in the Arab country is proceeding on schedule, Al Watan reported, without saying how it obtained the information. The Muscat-based bank will elect a new ...
May 29, 2012 at 07:16 | Source: Bloomberg
Oman International Bank SAOG (OIBB) climbed to the highest in a month after Al Watan newspaper said the bank’s merger with HSBC Holdings Plc (HSBA)’s operations in the Persian Gulf country is on schedule. The shares gained 1.7 percent to 0 ...
May 29, 2012 at 13:14 | Source: Bloomberg
MUSCAT May 26 (Reuters) - Omani lender Bank Nizwa, the sultanate's first Islamic bank, attracted 681 million rials ($1.77 billion) of bids in its initial public offer of shares, 11 times the sum which it was raising, the lead manager for the IPO ...
May 26, 2012 at 09:14 | Source: Reuters UK
MUSCAT, Oman, May 24 (UPI) -- Oman's Ministry of Commerce and Industry halted HSBC Oman bank's merger with Oman International Bank following an objection by a businessman, officials said. The Times of Oman reported Thursday minutes from the ...
May 23, 2012 at 23:58 | Source: United Press International
Oman's first Islamic lender, Bank Nizwa has attracted OR681m ($1.77bn) of bids in its initial public offer of shares, 11 times the sum which it was raising, Reuters has reported. Bank Nizwa raised OR60m by selling 40% of its capital. The bank will be ...
May 24, 2012 at 23:57 | Source: AME Info
Muscat: Oman's Ministry of Commerce and Industry has halted the merger of HSBC Oman and Oman International Bank ( OIB) following an objection raised by an India-based businessman. The order (seen by Times of Oman) issued on May 16 by the Ministry of ...
May 24, 2012 at 12:30 | Source: Zawya.com
DUBAI (Zawya Dow Jones)--The merger between the Omani operations of HSBC Holdings PLC (HSBA.LN) and local lender Oman International Bank (OIBB.ON) has been temporarily put on hold until a local ministry reviews an objection lodged by an India-based businessman.
May 23, 2012 at 23:58 | Source: Zawya.com
Commercial banks in Oman cannot deduct more than 50 per cent of the borrowers' salary as part of an equated monthly instalment plan in place for personal loans, and 60 percent for housing loans, the Times of Oman reported, citing the Central ...
May 15, 2012 at 08:09 | Source: ArabianBusiness.com
Bank Nizwa, sponsored by Al Khalili Group and other local shareholders, has a capital base of 150m rials ($390m) and the IPO is being managed by local lender Oman Arab Bank. The shares are due to list on June 6 and the bank is expected to be ...
May 26, 2012 at 01:58 | Source: Gulf Daily News
Elsewhere, shares in Oman International Bank ended lower after its merger with HSBC was temporary halted. HSBC's proposed merger of its Omani business with OIB was halted after a creditor of the British bank filed an objection to the tie-up ...
May 24, 2012 at 14:17 | Source: Reuters