The National Bank of Oman indicated today, Wednesday, that its board of directors has rejected a merger proposal from Dhofar Bank, the second-largest bank in the sultanate. The statement did not provide a reason for the board's decision. The National Bank had announced yesterday, Tuesday, that it received a merger offer from Dhofar Bank, a deal that would have created an entity with assets exceeding $19 billion.
Title: National Bank of Oman Rejects Merger Proposal from Dhofar Bank
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