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Bank Sohar considering BankDhofar's merger proposal

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Bank Sohar considering BankDhofar's merger proposal

Bank SoharSAOG is considering the terms of a merger presented by fellow Omanilender BankDhofarSAOG.

BankDhofar made its proposal April 23, following the startof due diligence by the two lenders in October 2015. The banks said Bank Sohar is discussingthe proposed terms, which were kept confidential and could be subject toadditional discussion between the two banks.