The Islamic unit of Bank Muscat , Oman's largest lender, plans to tap the Islamic bond market in the first quarter of next year, in what would be the first sukuk sale by a bank in the country, a bank official said on Wednesday.
Bank Muscat, Oman's largest lender, posted a 2.5 per cent increase in its third-quarter net profit on Wednesday, narrowly missing analyst estimates.
The bank made a quarterly profit of RO40.39 million ($104.9 million) in the t
Bank Muscat, the sultanate's largest lender, is considering a sale of its brokerage unit as one of several "strategic options" for the business, the bank said in a bourse filing on Monday.
The lender did not give a s
The Islamic unit of Bank Muscat, Oman's largest lender, plans a dual-currency US dollar and rial sukuk issue worth around $300 million that would be the first sukuk sale by a bank in the country.
The issue, which could carry t
Bank Muscat, Oman's largest lender, missed analysts' expectations despite posting on Wednesday a 59.1 percent jump in its first-quarter net profit, as it didn't repeat a one-off fraud provision that it was forced to make last year.
Kuwait Finance House (KGH)-Bahrain has signed a deal with Meethaq Islamic Banking Group, a unit of Bank Muscat, to support joint business opportunities in the Islamic banking sector.
This relates to areas of treasury transactions,
Bank Muscat, Oman's largest lender, plans to establish a 500 million rial ($1.3 billion) Islamic bond programme this year, and expects to conduct the first sukuk issue by an Omani bank in September, a bank official was quoted as saying.
Omani telecom services operator Nawras said it has partnered with top lender bank muscat to offer its customers new smartphones on zero down-payment and zero per cent interest.
As per the new scheme, customers can now get smartpho
Bank Muscat, Oman's top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud after insurers agreed to indemnify the loss.
In a globally co-ordinated campaign, hackers broke into two uniden
Oman has appointed the Gulf state's top lender Bank Muscat to arrange a secondary share sale of a 19 percent stake in its biggest mobile telecommunications operator, Oman Telecommunications Co (Omantel).
The government plans t