HSBC Oman Says In Talks With Meezan Bank To Sell Pakistan Unit

HSBC Oman, 51 per cent owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale.



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 per cent 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 sharia-compliant lender, on Friday said it had received regulatory approval to study buying HSBC Oman’s Pakistani unit.