Full Breakdown
Sohar International Bank Launches Hong Kong Representative Office
9/9/2026, 7:11:59 AM
Core Event
Oman’s second-largest bank, Sohar International Bank, is establishing its first overseas representative office in Hong Kong. The office, located in Cheung Kong Center II in Central, will be inaugurated this week, with a ceremony scheduled for Thursday morning. CEO Abdulwahid Mohamed Al Murshidi is set to attend, and Donald Chia has been named chief representative of the new outpost. A source familiar with the plans confirmed these details, while the bank declined to comment when approached on Tuesday.
Background and Context
The move comes as Middle-East financial institutions seek stable jurisdictions amid regional conflicts. Hong Kong’s reputation as a resilient financial hub has attracted several Gulf-region banks in recent years, and Sohar International’s entry marks its initial expansion beyond the Middle East into the broader international market.
Key Personnel
- Abdulwahid Mohamed Al Murshidi – Chief Executive Officer of Sohar International Bank, leading the opening delegation.
- Donald Chia – Appointed chief representative for the Hong Kong office, responsible for day-to-day operations.
Official Statements & Responses
According to the same source, the bank views Hong Kong’s regulatory environment and connectivity as “stable” and conducive to serving regional clients. The source also indicated that the office will focus on facilitating trade finance and corporate banking services for Omani and broader Gulf enterprises operating in Asia. Sohar International did not provide an immediate response to a request for comment regarding its Hong Kong strategy.
Implications for Hong Kong’s Financial Landscape
The establishment of Sohar International’s representative office underscores Hong Kong’s continued appeal to Middle-East banks seeking a foothold in Asia. Analysts note that such expansions may deepen cross-border financial flows and reinforce the city’s role as a bridge between Gulf capital and Asian markets. A photograph of the Cheung Kong Center II building, taken on February 4, 2026, illustrates the location that will host the new office.
