There is a qualitative difference distinguishing the soag
that the virgins sing, and furthermore in their ring none but they may dance and sing.
The objectives and basic principles underlying the selection of projects have been worked out in consultation with representatives of the information services industry in Information Services Providers Group, representatives of users in Information Services Users Group and the senior officials of SOAG
. Calls for Declarations of interest will be published in the Official Journal in order to obtain proposals for projects from users and from the industry.
Following the merger, HSBC will hold 51 per cent of the combined entity which will be re-named HSBC Bank Oman SOAG.
OIB will issue to HSBC new shares equivalent to a 51 per cent shareholding in the combined entity, HSBC Bank Oman SOAG. The HSBC Group will provide certain support services to HSBC Bank Oman SOAG under a services agreement with an initial term of 10 years.