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 HSBC Bank Oman S.A.O.G. announcement

 

HSBC Bank Oman S.A.O.G. (HBON) confirms that the Supreme Court in Oman has recently upheld an order wherein it was ordered to pay an amount of RO 2.7 million. This relates to a litigation case initiated in 2007.  HBON had already fully provided for this outcome.  As a result, this will have no bearing on its 2014 financial performance.