Oman International Bank (OIB) will conduct an ordinary general meeting of shareholders on May 31 to elect a new board, which will include HSBC representatives.
The shareholders' meeting for electing a seven-member board will be conducted at the Al Bustan Palace Hotel. The new board will have a three year term, till the bank's annual general meeting in 2015.
Sources said that HSBC Oman will have a sizable representation on the board, in line with its proposed 51 per cent stake in the merged entity.
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