Sohar International Bank

Sohar International Bank

Name in Arabic:
بنك صحار الدولي
Country: Oman
City: Muscat
Capital: 1,000,000,000 Omani Riyal
Phone: +968-2473-0000 Email: [email protected]
P.O.Box: 44
Fax: +968-2473-0010
Zipcode: 114
Founding Date: 3 April 2007

General information

Provided by Manhom

Sohar International Bank was established in Oman on March 4, 2007, and was listed on the Muscat Securities Market on November 28, 2006. With a paid-up capital of 572,508,187 Omani Rials, the bank offered a comprehensive range of banking services, including Islamic banking, personal finance, mortgages, and investment management.

The bank had an extensive network of branches and ATMs across Oman, and it also provided online and mobile banking services. However, in a surprising move on June 21, 2023, the bank announced a proposed merger with itself.

Under Oman's Commercial Companies Law, specifically Articles 33 and 35, the bank proposed to merge with its own entity, with Sohar International Bank being the surviving entity post-merger. This decision was outlined in a memorandum attached to the announcement and the meeting's agenda.

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Manhom lists

Rank
165
الـ500 الكبار

The list ranks the 500 largest companies in the Arab world in terms of revenue.

Related Categories

Banks Arrow Islamic banks Arrow
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