• Sohar International Bank has proposed a merger with Ahli Bank SAOG, aiming to create one of Oman's largest banking groups with nearly $30 billion in assets. This strategic move comes amid a global slowdown in deal-making activity, influenced by economic uncertainties, including potential tariffs from the U.S. The merger would involve transferring all of Ahli's assets and liabilities to Sohar, with Ahli's shareholders receiving a stake in the combined entity.

• The merger signals a consolidation trend in Oman's banking sector, following Sohar's recent merger with HSBC Oman. This deal could enhance operational efficiencies and market competitiveness for the new entity, positioning it as a stronger player in the regional banking landscape. Analysts suggest that such consolidations may become more common as banks seek to navigate economic challenges and capitalize on synergies.