Category: Banking & Finance

Banking & Finance
Talks That Make A Difference

On 2 April 2018, Bank Sohar launched the first of a series of talks from world renowned leaders – providing a unique opportunity for everyone to gain insights and engage in dialogue with inspirational personalities on key issues. The series is titled ‘Viewpoints – Bank Sohar Chairman’s Forum’ and the first Guest Speaker was H.E. Mohammed bin Abdullah […]

Banking & Finance
Central Bank issues treasury bills worth RO35.50mn

Oman’s central bank raised OMR35.50 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 91 days, from March 14 until June 13, 2017. The average accepted price reached 99.639 for every OMR100, and the minimum accepted price arrived at 99.635 per OMR100. Whereas the average discount […]

Banking & Finance
Bank Muscat
Bank Muscat’s $500mn bond issue oversubscribed

Bank Muscat has announced the successful pricing and closure of a five-year $500mn bond issuance under its Euro Medium Term Note (EMTN) programme. The deal, which evoked a strong response from regional and international investors, was oversubscribed more than two times and carried a coupon of 4.875 per cent. Commenting on the success of the […]

Banking & Finance
Meethaq HFC
Meethaq to finance HCF’s oil field in Block 7

Meethaq, the Islamic banking window of Bank Muscat, and Hydrocarbon Finder E&P (HCF), have signed an Islamic project financing facility for the development of HCF-operated oil and gas fields in Block 7 of Oman. HCF took over the operatorship of Block 7 in April 2016, under an Exploration and Production Sharing Agreement signed with the […]

Maisarah sets up RO200mn sukuk programme

Maisarah Islamic Banking Services of BankDhofar has successfully set up a OMR200 million sukuk programme for Golden Group. Maisarah acted as the sole lead and issue manager on the sukuk programme, which is considered as the largest in Oman established for a corporate entity. “The set-up of programme and successful issuance of first tranche is […]

Banking & Finance
CBO raises RO71mn from treasury bills

Oman’s central bank has raised OMR71 million by way of issuing government treasury bills. The total value of the allotted treasury bills amounted to OMR71 million, for a maturity period of 28 days, from February 21, until March 21, 2018. The average accepted price reached 99.893 for every OMR100 while the minimum accepted price arrived […]

Banking & Finance
IMF MD meets CBO Executive President

Christine Lagarde, managing director of the International Monetary Fund (IMF), is on a short visit to the Sultanate. Tahir bin Salim bin Abdullah Al Amri, the executive president of the Central Bank of Oman (CBO), received Lagarde, and her delegation, on Monday at Muscat International Airport, accompanied by a group of CBO officials, said a […]

Banking & Finance
Meethaq signs RO16mn term finance agreements with ASAAS

Meethaq, the Islamic banking window of Bank Muscat, and two subsidiary companies of Muscat National Development and Investment Company (ASAAS) signed term finance agreements with a total value of RO16mn for an upscale 3 star hotel in Muscat and a crew reporting terminal at the airport. Sulaiman Al Harthy, Deputy Chief Executive Officer – Islamic […]

Banking & Finance
CBO signs pact with DFSA

The Dubai Financial Services Authority (DFSA) and the Central Bank of Oman have signed a memorandum of understanding (MoU) to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International Financial Centre by Bryan Stirewalt, Managing Director, Supervision Division of the DFSA, and Tahir bin […]

Banking & Finance
QNB closes $3.5bn loan facility

QNB Group, the largest financial institution in the Middle East and Africa region, announced the successful closing of the syndication for its $3.5 billion, three-year, senior unsecured term, loan facility. The syndication was well supported by 21 international banks and the facility has been upsized due to a strong demand in the market. The new […]