Bank Dhofar SAOG (MSM:BKDB) Oman's second-largest bank is pursuing a potential merger with its smaller rival, potentially creating a lender with just under $20 billion in assets, according to regulatory filings made on April 11, 2023. The filings on the Muscat Stock Exchange show Bank Dhofar's interest in its smaller rival, Ahli Bank Q.P.S.C (DSM:ABQK). Bank Dhofar has over $11 billion in assets, while Ahli has under $8 billion.

Ahli said it would study Bank Dhofar's offer. Bahrain's Ahli United Bank owns over a third of Oman's Ahli Bank. Stock in Bank Dhofar rose over 3% in trading April 11, 2023 on the Muscat Securities Market, to more than 40 cents a share.