Hsbc Oman : In talks with Meezan Bank to sell unit
HSBC Oman, 51% owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale
DUBAI:
HSBC Oman is in talks with Karachi’s Meezan Bank to sell its Pakistan unit, Muscat’s fourth-largest lender by market capitalisation said on Sunday. HSBC Oman, 51% owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale. It did not provide further details. Meezan Bank, a shariah-compliant lender, said it had received regulatory approval to study buying HSBC Oman’s Pakistani unit.
Published in The Express Tribune, December 2nd, 2014.
HSBC Oman is in talks with Karachi’s Meezan Bank to sell its Pakistan unit, Muscat’s fourth-largest lender by market capitalisation said on Sunday. HSBC Oman, 51% owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale. It did not provide further details. Meezan Bank, a shariah-compliant lender, said it had received regulatory approval to study buying HSBC Oman’s Pakistani unit.
Published in The Express Tribune, December 2nd, 2014.