Sohar International Bank SAOG (BKSB)

By: Salama Abdel Rahman Mubasher: Profits of banks operating in Oman and listed on the Muscat Securities Market (MSM) witnessed an 11.55% year-on-year increase for the third quarter of 2018. Net profits of eight lenders amounted to OMR 96.59 …

Mubasher: The financial statements of Bank Sohar showed a 20% growth in its profits for the second quarter of 2017, compared to the year-ago period. The bank’s profits reached OMR 5.58 million ($14.44 million) in Q2-17, compared to OMR 4.65 …

Mubasher: Bank Sohar has completed the second tranche of conversion of mandatory convertible bonds into ordinary shares issued in 2013, at a value of OMR 2.383 million. The conversion was implemented on 28 April, representing the second of three …

Mubasher: The Muscat Securities Market (MSM) saw a negative performance in the week ended 11 May. The main index fell 0.8% or 43.78 points to reach 5,432.14 points. Traded volume grew 33.29% week-on-week to 50.79 million shares, while turnover …

Mubasher: Bank Sohar on Thursday reported a growth of 44% in its profits for the first quarter of 2017, compared to the same period in 2016. Net profits stood at OMR 5.99 million ($15.5 million) in Q1-17, compared to OMR 4.16 million ($10.77 …

Mubasher: The ordinary general meeting (OGM) of Bank Sohar approved on Thursday the recommendation of the board of directors to distribute cash dividends and bonus shares for 2016. The OGM approved distributing 5% of the issued capital at 5 baisas …

Mubasher: The board of Bank Sohar has recommended distributing cash dividends and bonus shares for the fiscal year 2016, according to a bourse statement issued on Sunday. The company will pay 5% cash dividends or 5 baisas per share, as well as 10% …

Mubasher: Bank Sohar posted a drop of 4.5% in profits during the fourth quarter of 2016, compared to the same period a year ago. Earnings amounted to OMR 6.17 million ($16.02 million) in Q4-16 from OMR 6.46 million ($16.78 million) in Q4-15, …

Mubasher: Oman Investment and Finance (OIFC) said Monday that it has received the approval of the concerned regulators to increase its stake in Bank Sohar from 15.13 % and up to 17%, according to a bourse filing. The company is capitalised at OMR …

By: Islam Fadl Mubasher: The financial statements of the banks listed on the Muscat Securities Market (MSM) showed a 12.1% fall in their profits for the third quarter of fiscal 2016. Total profits of the eight listed banks reached OMR 88.8 million …

Mubasher: Bank Sohar and Bank Dhofar were unable to reach and conclude a binding merger agreement due to difference in views around material aspects of the draft merger deal. Negotiations about the merger are ceased and Bank Sohar continues to …

Mubasher: Bank Dhofar announced on Sunday that the negotiations over the merger with Bank Sohar will not benefit the shareholders. The bank pinpointed that the two banks failed to reach an agreement regarding drafting of main articles to complete …

Mubasher: Bank Sohar reported an 80.6% decline in its profits for the third quarter of the fiscal year 2016, according to the unaudited preliminary financial results. The bank's net profit reached OMR 4.13 million ($10.69 million) in Q3, compared …

Mubasher: Bank Sohar said Wednesday that it has successfully closed its OMR 35 million Tier II subordinated debt issuance. The bank believes that the raise will significantly improve the bank’s capital position and will help it in supporting its …

Mubasher: The proposed merger between Bank Dhofar and Bank Sohar will bring long-term benefits with an overall positive impact on Dhofar's credit profile, according to a report published by Moody's Investors Service. However, such merger will …

Mubasher: Bank Sohar’s unaudited financial statements showed a fall of 35.4% year-on-year in the bank’s net profit for the second quarter of fiscal 2016. Net profit reached OMR 4.65 million ($12.03 million) in Q2-16, versus OMR 7.3 million ($18.6 …

Mubasher: The board of Bank Dhofar reached an agreement with Bank Sohar’s board members on the share swap ratio of the proposed merger, according to a bourse statement issued Wednesday. Based on the agreement, every one share of Bank Dhofar will …

Mubasher: Oman’s Bank Sohar posted on Sunday a fall of 36.9% in its net profit for the first quarter of fiscal 2016. Net profit reached OMR 4.16 million ($10.78 million) in Q1-16, versus OMR 6.59 million($17.07 million) Q1-15, according to the …

Mubasher: Bank Sohar’s shareholders agreed Tuesday on distributing cash dividends at 5% of the issued capital (5 Baisas per share) and 1-for-10 bonus shares (10% of the capital) for the fiscal year 2015, according to a bourse filing. The OGM …

Mubasher: Oman’s Bank Sohar announced on Tuesday that its ordinary general meeting (OGM) will be held on 29 March to discuss proposed dividends for the fiscal year 2015. Shareholders will discuss cash dividends at 5% of the bank’s capital or 5 …

Mubasher: Bank Sohar’s board of directors reduced the cash dividends it earlier proposed for the fiscal year 2015 to 5 baisas per share from 9 baisas per share. The board also lowered its bonus shares to 1% of the bank’s capital, cutting 5% from …

Mubasher: Bank Sohar’s board of directors proposed on Sunday cash dividends at 9% of the bank’s capital or 9 baizas per share. The board also recommended bonus shares at 6% of the bank’s capital, on a 6-for-100 basis. The bank’s net profit in 2015 …

Mubasher: Bank Sohar reported on Wednesday a net profit of OMR 28.01 million in 2015, dipping 0.21% year-on-year compared to OMR 29.88 million in 2014. Total revenues rose by 0.6% to OMR 70.91 million last year, versus OMR 70.32 million in 2014, …

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2007 dated 27th June 2007, Bank Sohar wishes to announce its initial un-audited results for the year ended 31 …

“With reference to our disclosure dated 1st July 2015, on the proposed merger with BankDhofar, Bank Sohar announces that it has appointed legal and financial consultants to proceed with Due Diligence process, as agreed with BankDhofar vide the …