CBO approves National Finance, Oman Orix merger

Muscat Daily staff writer
December 19, 2017
Muscat - 

The Central Bank of Oman (CBO) has given final approval for the merger of Oman Orix Leasing Company with National Finance Company.

In their disclosures to the Muscat Securities Market (MSM), both National Finance and Oman Orix confirmed that they have received the final approval for the proposed merger from the CBO subject to approval from the regulatory authorities.

Last week the shareholders of National Finance at an extraordinary general meeting (EGM) unanimously approved the merger by incorporation of Oman Orix into National Finance in accordance with the provisions of the commercial companies law.

Oman Orix shareholders at the company’s EGM last week approved the dissolution of the company and its merger by incorporation into National Finance.