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Update on Proposed Merger – Due Diligence Consultants

Update on Proposed Merger – Due Diligence Consultants
Bank Dhofar
BKDB
3.13% 0.13 0.00

Update on Proposed Merger – Due Diligence Consultants

 

This is further to BankDhofar’s disclosure of 1st July 2015 relating to the proposed merger with Bank Sohar, we would like to update the market that BankDhofar has appointed consultants for legal and financial Due Diligence process.  This is in accordance with the non-binding Memorandum of Understanding (MoU) signed between BankDhofar and Bank Sohar, earlier this year. We shall keep the shareholders and the market updated of further developments in this regard, through appropriate disclosures as per the disclosure requirements.