Sohar International Pursues Merger with Ahlibank to Strengthen Market Position

Oman, 9 April, 2025 :  Sohar International Bank has announced its intention to explore a potential merger with Ahlibank. The decision was made during a board meeting, and Sohar International has sent a letter of intent to Ahlibank's board proposing the merger.

The merger would involve transferring all of Ahlibank's assets and liabilities to Sohar International. Shareholders of Ahlibank would receive shares in Sohar International, based on a proposed share swap ratio determined by the book values of both banks for the year ending December 31, 2024.

Sohar International believes the merger would create a larger, more diversified institution, enhancing its domestic competitive position, expanding product offerings, and unlocking revenue and cost synergies. The bank also sees the merger as an opportunity to improve liquidity and market presence for shareholders.

The merger proposal is subject to due diligence, corporate approvals, and regulatory consent. Sohar International has committed to making timely market disclosures in line with regulatory requirements.