Sohar International Bank offers retail accounts and deposits, government and wholesale banking solutions, financial advisory services, and Sharia-compliant products.
Sohar International, Oman’s sole participating commercial bank, signs three strategic agreements with major Chinese financial institutions. The deals aim to strengthen financial cooperation between Oman and China. The agreements cover unspecified high-value sectors, reflecting growing bilateral economic ties.
Sohar International Bank secures **$387.3 million** (RO149.28 million) via an oversubscribed rights issue, attracting **1.22 times** the offered shares. The capital raise follows demand from existing shareholders for additional equity stakes. The bank operates in Oman and focuses on retail and corporate banking services.
Sohar International Bank secures $500 million through a bond issue to fund its operational growth. The capital supports expansion initiatives across its business activities. The bank targets enhanced service delivery and infrastructure development in key markets.
Sohar International Bank is evaluating options to establish a representative office, considering locations in either Hong Kong or mainland China. The decision follows the bank’s strategic review of regional expansion opportunities.
