Riyadh: A binding merger agreement between HSBC Bank Oman and Sohar International has been approved, the Muscat-based lenders disclosed in separate announcements on Wednesday. In regulatory announcements released to the Muscat Stock Exchange, the firms said following the agreement all assets and liabilities of HSBC Oman will be transferred to Sohar International in a
An overview of the legal and regulatory framework governing Islamic finance and markets in Bahrain, including key regulators and the extent of their powers.