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Al Roya

Al Roya·October 4, 2026

60-Day Grace Period for Depositors: Details of Bank of Beirut's Termination of Operations in the Sultanate

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Al Roya

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Bank of Beirut's Oman branch announced it is ceasing its banking operations within the Sultanate. This decision is based on the provisions of the Banking Law issued by Royal Decree No. 2/2025 and follows the acquisition of regulatory approval. Depositors have been given a 60-day grace period as part of the process to finalize the bank's activities in Oman.

Source: Al Roya

Topics:Economy and markets
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