Oman’s Financial institution Dhofar and Omnivest compete to bid for Ahli Financial institution

Muscat: Oman’s Financial institution Dhofar revised its supply for Ahli Financial institution only a day after a consortium led by Oman Worldwide Growth and Funding Co. mentioned it plans to bid for the lender.

Financial institution Dhofar, the Gulf state’s second-largest lender with $11.2 billion in belongings, mentioned a possible merger with Ahli Financial institution would supply a “compelling alternative” for shareholders, with out offering additional particulars. In April, Ahli Financial institution’s board of administrators turned down an preliminary, non-binding supply from Financial institution Dhofar that may have created an entity with $19 billion in belongings.