Zawawi Group raises stake in HSBC Oman

Oman's central bank has approved a proposal from one of the shareholders of HSBC Bank Oman to raise their stake to 25% from the current 18.93%, Times of Oman has reported. Although the CBO did not give the name of the shareholder, market sources indicated that it was Zawawi group.

http://www.ameinfo.com/zawawi-raises-stake-hsbc-oman-report-312858