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- Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day
- Bahrain Marina seals partnership deal with Batelco by Beyon
- Investcorp Capital acquires $400m industrial assets across US
- The British Embassy honors Gulf Bank for empowering people with disabilities
- Saudi flour company MC4 starts work on new production facility
- Alba celebrates major contributions of its female workforce
- H&H unveils new ultra-luxury destination in Jumeirah
- Top architect Frida Escobedo lands contract to design Qatar ministry HQ
- QSE edges lower on selling pressure in banks, consumer goods & insurance; M-cap adds QR2.13bn
- US, UAE Central Banks on track for final interest rate cut of 2025 next week
16/10/2025 02:03 AST
Bank Muscat, the Sultanate's flagship financial institution, posted a net profit of RO191.57mn for the nine months ended September 30, up 12.2% from RO170.79mn in the same period last year, the bank announced on Wednesday.
Net interest income from conventional banking and net income from Islamic financing rose 5.8% to RO310.9mn, compared with RO293.91mn a year earlier. Non-interest income grew 12% to RO123.57mn, driven by higher business volumes and increased investment returns.
Operating expenses for the period stood at RO162.82mn, a 5.3% increase over RO154.64mn in 2024, while net impairment losses on financial assets fell to RO43.63mn from RO46.12mn.
Total net loans and advances, including Islamic financing receivables, rose 4.2% to RO10,702mn, up from RO10,268mn in September 2024. Customer deposits, including Islamic deposits, were stable at RO10,099mn.
Operating profit for the nine-month period increased 8.8% to RO271.65mn. Total assets rose 3.6% to RO14,555mn, while total equity, which includes perpetual Tier I capital of RO505mn, grew 5% to RO2,528mn.
The bank's performance reflects steady growth across conventional and Islamic banking operations, supported by disciplined cost management and improved investment income.
Muscat Daily
16/07/2025
Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the six months ending on June 30.
The bank posted a net profit of RO
Muscat Daily
22/04/2025
Bank Muscat places significant emphasis on digital transformation to achieve excellence in the banking sector and offer innovative services that meet the needs of individual and corporate customers.
Muscat Daily
16/04/2025
Bank Muscat, the largest financial institution in Oman, reported a net profit of RO58.56mn for the first quarter of 2025, compared to RO54.24mn reported during the same period in 2024, reflecting a y
Muscat Daily
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05/12/2025
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
Th
Asharq Al Awsat
05/12/2025
Bahrain Marina Development Company (BMDC), the master developer of the Bahrain Marina project on the eastern waterfront of Manama, has announced the signing of a strategic partnership agreement with
Trade Arabia
05/12/2025
Investcorp Capital (ICAP), a company listed on the Abu Dhabi Securities Exchange, today (December 4)announced that it has successfully acquired a diversified portfolio of industrial assets for $400 m
Trade Arabia
05/12/2025
In recognition of its sustained commitment to promoting inclusivity and fostering a workplace environment that embraces all segments of society, Gulf Bank received a special invitation from the Briti
Kuwait Times
05/12/2025
Leading Saudi flour production company Fourth Milling Company (MC4) has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 m
Trade Arabia
Financial Information Co.
Saudi Arabia