Zawawi raises HSBC Oman stake to 25%
- Oman: Wednesday, October 17 - 2012 at 03:32
HSBC Oman has announced Omar Al Zawawi has increased his shareholding in the sultanate's second-largest bank by market value to 25%, Reuters has reported. "The Capital Market Authority has approved the request of Mr. Omar Al Zawawi to increase his ownership percentage in HSBC Oman from 18.39% to 25%," the lender said. HSBC Oman was created earlier this year through a merger of the Omani assets of HSBC and Oman International Bank.
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