#Oman's Al Ahli Bank rejects merger proposal from Bank Dhofar

Oman's Al Ahli Bank rejects merger proposal from Bank Dhofar

Oman’s Al Ahli Bank said it has rejected the non-binding offer it received from Bank Dhofar S.A.O.G, Oman's second-largest lender by assets, exploring the possibility of a merger.

In a regulatory filing on the Muscat Stock Exchange where its shares trade, Al Ahli Bank said on Tuesday its board of directors had studied the proposal and decided not to accept it.