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BDOF was launched with the acquisition in 1990 of the branches of French bank Banque Paribas (now part of BNP Paribas), which had been in business in Oman since 1974.
The bank expanded substantially in 1992, both in terms of assets and customer base, when it purchased 12 domestic branches of Bank of Credit and Commerce International (BCCI). In 1998, BDOF floated 40% of its capital on the Muscat Securities Market. In March 2003, BDOF acquired rival Majan International Bank after a year-long process.
Major Shareholders
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