Gaining momentum

The Al Raid Group could very well serve as a role model for other companies in the residential, retail and hospitality sector. Not only has the company been successful with all of its ongoing projects in the present economic scenario, but it has also put together a fantastic blueprint and vision for the future. Excerpts […]

Oman Refco moving towards indigenous self-sufficiency

Four years from now, Oman Refco would be indigenously manufacturing all its products here in Oman itself. As of now, more than 88 per cent of the company’s products are manufactured in the Sultanate, while the remaining 12 per cent comes from UAE, Saudi Arabia and Egypt, says CEO, Youssef Ezzikhe, in an interview to […]

Signs of rebound

OER presents its 18th annual review of Oman’s top 20 leading listed companies for the year 2017 As stated in the World Bank Global Economic Prospects report, a broad-based cyclical global recovery is underway, aided by a rebound in investment and trade, against the backdrop of benign financing conditions, generally accommodative policies, improved confidence, and […]

Banking & Finance

Ahlibank maintained a steady performance despite strong headwinds in 2017, says CEO, Lloyd Maddock   How was Ahlibank’s financial performance in 2017? On the whole it was satisfactory. From the bank’s point of view the level of funding increased, delinquencies and provisions increased. We saw higher delinquencies in the consumer lending book while the corporate […]

Banking & Finance
Bank Dhofar
Consistent performance

BankDhofar is using state-of-the-art technology to delivers easy access to banking transactions and services on-the-go, says CEO, Abdul Hakeem Al Ojaili – CEO of BankDhofar What were the major milestones during the year? Can you talk about the measures to enhance retailing, ATM and CDM networks of the bank? BankDhofar continued providing value-added products and […]

Banking & Finance
Bank Muscat
Customer centricity

Abdul Razak Ali Issa, Chief Executive, Bank Muscat shares his thoughts on the bank’s performance and future plans. An OER report How did Bank Muscat fare financially in 2017? Bank Muscat posted a net profit of RO176.82mn for the year ended December 31, 2017 compared to RO176.56mn reported during the same period in 2016, an […]

Banking & Finance
Innovation-driven approach

Sayyid Wasfi Jamshid Al Said, Acting CEO, National Bank of Oman says the bank’s unwavering performance has enabled it to continue delivering innovation and excellence in addition to playing a leading role in supporting Oman’s socio-economic progress How was National Bank of Oman’s overall performance in 2017? 2017 has been a challenging year, given global […]

Banking & Finance
Enhancing operational efficiencies

Andrew Long, CEO, HSBC Bank Oman argues that technology is going to be a game changer for the banking industry If you were to sum up HSBC Bank Oman’s performance in 2017, how would describe it? In terms of our internal performance, we had some very large transactions on the wholesale side, both in the […]

Banking & Finance
Oman Arab Bank
Strong showing

Rashad al Musafir, Acting CEO, Oman Arab Bank says that bank’s performance in 2017 was the result of a carefully crafted business plan and the quality of its assets How was Oman Arab Bank’s financial performance in 2017? Oman Arab Bank maintained a strong performance over the course of 2017 with our net profit increasing […]

Banking & Finance
Bank Sohar
Diversifying revenue streams

Sasi Kumar, Acting CEO, Bank Sohar says the focus on fundamentals and best practices helped the bank deliver on customer expectations. An OER report How was Bank Sohar’s financial performance in 2017? Bank Sohar’s 2017 performance was catalysed by rapid progress on all business fronts, despite a range of economic challenges posed by a sub-optimal […]