Said Al Shahry & Partners (SASLO) has advised Sohar International Bank on successfully concluding a merger by incorporation with HSBC Bank Oman. The merger of the two banks positions Sohar International as one of the largest banks in Oman.
The merger discussions between Sohar International and HSBC Bank Oman commenced in 2022 and SASLO supported Sohar International during the process. The merger was successfully completed on Thursday, 17th August 2023.
Partner, Thamer Al Shahry, expressed his satisfaction with the achievement, stating, "We are pleased to have acted for Sohar International on this transaction. At a time when Oman is striving to diversify its economy and achieve its ambitious plans for 2040, it is significant to see this deal conclude, creating one of the largest banks in the Sultanate. We are proud that an Omani law firm has acted on this major transaction on behalf of an Omani bank."
The SASLO team was led by Partner, Thamer Al Shahry, and Head of Corporate, Jeremy Pooley, and supported by Associates Maria Petrou, Alaa Al Hinai, Sarah Dean, Ghadeer Al Shahry, and Salim Al Harthy.
About Said Al-Shahry & Partners (SASLO):
SASLO is a premier commercial Omani law firm with offices in Muscat, Sohar, and Salalah. With nearly three decades of experience in the Omani legal market, the firm has established itself as a leader and influencer in the industry. Comprising a team of local and international lawyers, SASLO delivers premium quality Omani legal advice to the highest standards of international best practice.