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Oman's Bank Sohar and Bank Dhofar plan due diligence on proposed merger

Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the duo said, in the latest move towards consoldiation in the country's bloated banking sector. The two lenders agreed to proceed with due diligence, subject to receiving regulatory approvals, they said in separate statements….

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