trending Market Intelligence /marketintelligence/en/news-insights/trending/OmAEUZJyr3vQ5WjBa58ACg2 content esgSubNav
In This List

Bank Sohar shareholders authorize rebranding, bond issuance

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Bank Sohar shareholders authorize rebranding, bond issuance

Oman-based Bank Sohar SAOG's shareholders approved the rebranding of the bank to Sohar International Bank.

At an extraordinary general meeting on Dec. 18, shareholders also authorized the bank's board to issue additional Tier 1 capital instruments in the form of perpetual bonds of up to 100 million Omani rials through a private placement.

As of Dec. 18, US$1 was equivalent to 0.38 Omani rials.