UPDATE 1-Oman's Bank Dhofar aims for merger talks with smaller peer | Reuters:
"Oman's Bank Dhofar has approached smaller peer Bank Sohar with a view to merging to create Oman's second-largest bank, Dhofar said on Tuesday, sending shares in both banks higher.
Bank Sohar could not immediately be reached for comment. Bank Dhofar said in its bourse filing that the deal would be dependent on Sohar being interested, as well as on both sets of shareholders and sector regulators agreeing.
The new entity would have total assets worth 4.13 billion rials ($10.73 billion), according to first-quarter financial statements, and a market capitalisation of around $1.76 billion."
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