
AI-generated summary
Sohar International Bank is Oman's second-largest bank by total assets and has not previously expanded outside the Middle East.
Sohar International Bank, Oman’s second-largest bank by total assets, will open a local representative office in Hong Kong this week, according to sources, underlining the city’s role as a stable financial hub amid Middle East conflicts.
CEO Abdulwahid Mohamed Al Murshidi will visit Hong Kong for the office’s opening ceremony on Thursday morning, according to a source, who requested anonymity as the information was private.
The new office, located at Cheung Kong Center II in Central, represents the first time the bank has expanded outside the Middle East into the international market.
Donald Chia will serve as chief representative of the office, according to a source.
Sohar International did not immediately respond to a request for comment about its Hong Kong plans on Tuesday.
AI outlook — possibilities, not facts
Sohar International Bank will begin offering basic representative services from the Hong Kong office immediately following the opening ceremony.
Likely · Within days
The bank will evaluate the Hong Kong office's performance over the next 6-12 months to determine potential for further expansion or service expansion.
Possible · Within months

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