Ahli Bank Accepts Merger Proposal from Sohar International

Ahli Bank's Board of Directors has accepted a merger proposal from Sohar International, as decided at their meeting on April 10, 2025. The merger contemplates a full transfer of Ahli Bank’s assets and liabilities to Sohar International, organized through a legally binding letter of intent. Shareholders will receive compensation via a share swap based on both banks' audited book values as of year-end 2024. Furthermore, both banks agreed to an exclusivity period, preventing merger talks with other entities, allowing them to focus on due diligence and regulatory conformity. The anticipated merger aims to create a financial institution with around RO 11.1 billion in assets, supporting shareholder value and national economic initiatives. Announcements regarding regulatory and shareholder approvals are forthcoming.