Sohar International (Oman)

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Overview

Sohar International (Oman) is Omani commercial bank post-Aug 2023 Bank Sohar + HSBC Oman merger + MSX: BKSB + Royal Court Affairs of Oman + Oman Investment Authority major shareholders + one of Oman's larger commercial banks post-HSBC merger ^{1, Oman report}.

History

Apr 4 2007 — Bank Sohar founded as Omani commercial bank.

Aug 2023 — Bank Sohar + HSBC Oman merger → Sohar International Bank S.A.O.G. distinctive Omani banking consolidation post-HSBC Oman exit.

2014 — Bank Sohar Mobile Banking app launch + 2023 Sohar International rebrand.

Ownership & operator

Operating entity: Sohar International Bank S.A.O.G. (MSX: BKSB; Omani commercial bank).

Major shareholders: Royal Court Affairs of Oman (Sultanate of Oman) + Oman Investment Authority OIA + Pension Funds Oman + post-Aug 2023 HSBC ~9.97% strategic shareholder + Omani retail + institutional + foreign investors.

Regulators: CBO (Central Bank of Oman).

Technical integration

Sohar International Mobile Banking app (iOS + Android) + soharinternational.com online + Sohar International branch network across Oman + Sohar International Visa + Mastercard cards; OmanQR + Oman IBAN.

Implementations & partners

Major Omani banking + payments competitors: Bank Muscat (Bank Muscat; MSX: BKMB; Oman's largest commercial bank by assets) + NBO National Bank of Oman (National Bank of Oman NBO; MSX: NBOB; Omani commercial bank) + Ahli Bank Oman (Ahli Bank Oman; MSX: ABOB; Omani commercial bank; Ahli United Bank Bahrain parent post-2009) + Bank Dhofar (Oman) (Bank Dhofar; MSX: BKDB; Omani commercial bank) + HSBC Oman (HSBC Oman; HSBC Holdings Omani subsidiary; Aug 2023 merged into Sohar International) + Alizz Islamic Bank (Al Izz Islamic Bank Omani Islamic commercial bank) + Bank Nizwa (Bank Nizwa Omani Islamic commercial bank).

Regulator: CBO.

Status

Active, Omani commercial bank post-Aug 2023 Bank Sohar + HSBC Oman merger + MSX:BKSB + Royal Court Affairs of Oman + Oman Investment Authority major shareholders + one of Oman's larger commercial banks post-HSBC merger ^{1, 2}.

Sources

1 Sohar International — official
2 Sohar International Bank — Wikipedia
^{Oman report} In-corpus: reports/countries/OM-oman.md

Source

Biography extracted from sohar-international.md. See matrix.md for standards-support matrix if present.