DUBAI Dec 29 National Bank of Oman (NBO)
said on Thursday it had received a letter from Treasure
Fleet International proposing to buy a stake in Oman's third
NBO will review the proposal; no legally binding commitments
have been made and any deal would be subject to approval by
shareholders and regulators, it said in a bourse statement.
The bank did not provide any further details about the
NBO is Oman's third largest lender by assets after Bank
Muscat and Bank Dhofar. Treasure Fleet International is a
Singapore-based firm, according to the company's website, which
is incomplete and gives no details of the company's business.
SGPBusiness.com, a Singapore business directory, says
Treasure Fleet International was incorporated as a limited
exempt private company in August this year.
(Reporting by Alexander Cornwell; Editing by Andrew Torchia)