BMI Bank,Bahrain and Al Salam Bank proposed merger

BMI Bank, Bahrain and Al Salam Bank agree in principle in favour of a merger.

 "BMI Bank, the Bahrain based associate of Bank Muscat SAOG, has announced that they have agreed in principle in favour of a merger with Al Salam Bank, an Islamic Bank incorporated in Bahrain. The completion of the transaction, including final share-swap ratio, is subject to satisfactory due-diligence as well as regulatory and shareholder approvals. Bank Muscat has a shareholding of 49% in BMI bank." For further information please contact Mr. Gordon Andrade - Head, Corporate Communications, BMI Bank email - [email protected] cell:+97339782225