Connecting intelligence with intelligence

×
×
Advertisement

Jun 06 2012

HSBC Completes Merger Of Oman International Bank

Wednesday, Jun 06, 2012

LONDON--Global banking company HSBC Holdings PLC (HSBA.LN) Wednesday said it has completed the merger of Oman International Bank SAOG with Oman operations of HSBC Bank Middle East Limited following the approval from the Oman Ministry of Commerce & Industry.

MAIN FACTS:

-Combined entity, in which HSBC owns 51%, has been named HSBC Bank Oman SAOG.

-Ewan Stirling has been appointed Chief Executive Officer of the combined entity.

- HSBC Bank Middle East Limited is an indirect wholly owned subsidiary of HSBC Holdings.

-Shares of HSBC Holdings on Friday closed at 503.2 pence.

-Write to Tapan Panchal at tapan.panchal@dowjones.com

(END) Dow Jones Newswires

06-06-12 0617GMT


© Copyright Zawya. All Rights Reserved.


Be the first to comment

Send This Article To Your Friends

All fields are required.

Use commas for multiple email addresses

We'll use your email address to send the article on your behalf and it will not be collected or used for any other purposes.

X