BankMuscat has announced support to Hamed al Harthy, Omani adventurer, on an attempt to conquer Mount Aconcagua in Argentina. The 6962-metre peak is the highest mountain outside Asia and one of the seven summits of the world. Al Harthy, an avid
BankMuscat successfully closed its 10th Certificate of Deposit (CD) auction which attracted bids totalling RO 34.5 million against the issue size of RO 15 million. There was a good mix of applications for the 1 and the 5 year CDs. The oversubscription
Offering a lifetime chance to experience the electrifying live action of the Fifa World Cup 2010 in South Africa, BankMuscat in association with Visa is offering an opportunity to existing and new cardholders to win tickets and witness the matches in
BankMuscat has seen its net profits fall to OMR 73.7 million ($191 million) in 2009, compared to OMR 93.7 million ($243 million) in 2008, according to a statement on the Muscat Securities Market website. Impairment for credit losses on loans portfolio
Bank Muscat said here on Wednesday that it will open a branch in Kuwait City in February. The CEO of Bank Muscat, Abdulrazaq Bin Ali Bin Eisa, was quoted as saying that "the branch will provide all banking services," adding that the bank recorded 73.7
BankMuscat, the leading financial services provider in the Sultanate, yesterday proposed a payout of 45 per cent dividend. Subject to approval of the Annual General Meeting and regulatory authorities, the Board of Directors recommended 20 per cent cash
Bank Muscat SAOG, Oman’s biggest bank, said full-year profit fell 21 percent after provisions for bad loans almost quadrupled. Net income dropped to 73.7 million rials ($191 million) in 2009 from 93.7 million rials the previous year, the company said in
BankMuscat has won the Best Foreign Exchange Bank in Oman 2010 Award from Global Finance magazine. This is the seventh consecutive year that the bank got this recognition. Global Finance editors with input from industry analysts, corporate executives
BMI Bank, the Bahraini associate of BankMuscat, the largest financial services provider in Oman, has registered a BD12.2 million ($32.3 million) loss after provisions during the fourth quarter of 2009. Announcing its preliminary financial results for the
A landmark social project launched by BankMuscat in association with Omantel has been adjudged the best Corporate Social Responsibility (CSR) initiative in the first Civil Society Awards announced by Tawasul Global Connections. The awards in recognition
Offering attractive returns to investors, BankMuscat aims to raise 15 million rials in the 10th round of Certificates of Deposit (CDs) auction on January 24, 2010. The CDs will be issued on January 27, 2010 in three categories with maturity of 12, 36 and
Commemorating 40 years of the glorious Renaissance march, BankMuscat yesterday launched a major national campaign envisaging year-long celebratory initiatives, programmes and activities. Titled ‘Oman Celebrates’, the objective of the campaign is to
Taking forward Corporate Social Responsibility (CSR) to new arenas, BankMuscat, the Sultanate’s leading financial services provider, announced a business incubator initiative with the potential to create jobs, revitalise neighbourhoods and strengthen
BankMuscat has signed a RO77 million term loan facility with Oman Refineries and Petrochemicals Company, or ORPC, to partly refinance its working capital needs. The dual currency facility, which will be available either in Omani riyal or US dollar, has a
BankMuscat, the leading financial services provider in the Sultanate, recently signed a RO 77 million ($200 million) term loan facility with Oman Refineries & Petrochemicals Company (ORPC) to partly refinance its working capital needs. The dual currency