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AMJ is pleased to announce that it has acted for HSBC Bank Oman in its successful merger by incorporation with Sohar International Bank. The merger of the two banks has placed the surviving entity, Sohar International Bank, as one of the largest banks in Oman.

Work on the merger deal commenced in mid-2022 and AMJ supported and advised HSBC Bank Oman in all aspects of the deal mechanics and process. The merger was successfully completed on Thursday, 17th August 2023 whereupon Sohar International Bank acquired all assets, liabilities, rights and obligations of HSBC Bank Oman. This constitutes one of the largest M&A deals to successfully conclude in Oman in the preceding year.

The AMJ team that led this deal comprised Mansoor Jamal Malik (Partner), Zarrar Mir (Associate), Ahmed Al Busaidy (Senior Associate) and Iman Al Maqbali (Associate).