The highly anticipated merger between HSBC Bank Oman and Sohar International Bank of Oman has been successfully finalized, according to an official announcement. The merger, which took effect on August 17th, 2023, paves the way for a new and robust financial institution in the country.
In light of this development, Sohar International Bank has extended a warm welcome to its newly migrated customers. They have been informed that they can seamlessly activate their debit and credit cards by simply downloading and registering on the Sohar International App.
Ahmed Al Musalmi, the CEO of Sohar International Bank, expressed his enthusiasm, stating, “It is with great pleasure we welcome you to Sohar International as we ink a new chapter of ‘wins’ with you and for you. The inspiring, ongoing story of Sohar International is one that was shaped as a direct result of a deeper purpose to help people ‘win’ by delivering banking for their ever-changing world. It’s a story that relies on a vision to be a world-leading Omani service company that helps customers, communities, and people to prosper and grow.”
He further emphasized the bank’s commitment to contributing positively to Oman’s Vision 2040 and its dedication to offering enhanced services to the people of Oman.
The merger received resounding support from shareholders of both Sohar International Bank and HSBC Bank Oman, with votes in favor of the merger recorded at their respective Extraordinary General Meetings (EGM). As a result of the merger’s completion, the HSBC Oman entity will be dissolved, as previously announced.
The merger marks a significant milestone in Oman’s banking landscape, creating a powerful financial institution poised to deliver a wide range of innovative banking solutions and services to its valued customers.
