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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bank Muscat says it has no plans to sell assets

Posted on 11 May 2010

From Ameinfo.com: Bank Muscat has said it has no immediate plans to sell any of its foreign assets, Reuters has reported. Oman’s largest lender by market value has said in a statement that it ‘regularly explores strategic alternatives, however the bank refutes a news release issued by Reuters on May 6, 2010′.
The report said the bank was considering selling off more foreign assets to reduce rising operational costs. A spokesman for the lender said the company considered all its foreign investments to be strategic……………………………………….Full Article: Source

 
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