A PYMNTS Company

Middle East: Oman’s largest non-bank financial institution proposes merger

By  |  February 11, 2015

Oman’s United Finance said on Wednesday that Bank Nizwa had approached it with a proposal for a strategic merger. Bank Nizwa, which started operations in 2013 as one of Oman’s two full-fledged Islamic banks. United Finance describes itself as Oman’s largest non-bank financial institution, and offers loans and leasing services as well as corporate deposits.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    United Finance’s board will consider the proposal at its next meeting, the company said without giving any details. It noted that any merger would need the approval of the board of directors, shareholders and regulators.

    Full Content: Muscat Daily

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.