DUBAI, Oct 27 (Reuters) - Oman's Bank Dhofar has received regulatory approval for the subscriptions to its 40 million rial ($103.9 million) rights issue, which was oversubscribed by investors, the lender said in a bourse statement on Thursday.

In total, applications for shares worth 42.76 million rials were received by the sultanate's second-largest lender by assets. Refunds for unsuccessful bids would be processed on Thursday, the filing added.

Bank Dhofar, which this month scrapped plans for a merger with smaller rival Bank Sohar, received board approval for the transaction in July. Subscription ran between Oct. 5 and Oct. 19, with those holding rights able to purchase 117 new shares at 0.2 rials for every 1,000 held.

($1 = 0.3849 Omani rials)

(Reporting by David French) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))