Friday 30 September 2016
 
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Bank Muscat

Bank Muscat Q1 net profit rises 1.1pc

Bank Muscat, Oman's largest lender, posted a 1.1 percent increase in first-quarter net profit on Thursday, according to a bourse statement, on the back of rising income from loans, fees and commission. The bank made a profit o

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Arabian Properties seals Oman home finance deal

Oman-based Arabian Properties has signed a deal with Bank Muscat to secure a key home finance package for its Retaj Al Qurum project in the sultanate. Retaj Al Qurum comprises 48 sophisticated apartments and is expected to be hand

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Bank Muscat to open Iran office

Bank Muscat, Oman's largest lender by market value, is opening a representative office in Iran, the bank said on Thursday, underlining rapid growth in business ties between the countries after the lifting of sanctions on Tehran.

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Bank Muscat Q4 net profit rises 7.3pc

Bank Muscat, Oman's largest lender, posted a 7.3 per cent increase in fourth-quarter net profit on Thursday, according to Reuters calculations. The bank made a profit of RO39.2 million ($101.85 million) in the three-month peri

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Bank Muscat Q3 net profit rises 15pc

Bank Muscat, Oman's largest lender, posted a 15 percent increase in third-quarter net profit on Tuesday, according to Reuters calculations, meeting analysts' estimates on the back of higher net interest income. The bank ma

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Oman cenbank rejects Bank Muscat's $1.3bn sukuk plan

Bank Muscat, Oman's largest lender, has delayed plans to launch a RO500 million ($1.3 billion) sukuk programme after the central bank rejected the proposal, a source at the bank told Reuters. The regulator informed Bank Muscat

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Bank Muscat Q2 net marginally lower

Bank Muscat, Oman's largest lender, posted a 0.2 per cent dip in its second-quarter net profit on Tuesday, according to Reuters calculations, beating analysts' estimates. The bank made a profit of OR46.5 million ($120.8 mi

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Tilal wins Bank Muscat funding for Oman projects

Omani real estate company Tilal Development Company has won RO30 million ($77.92 million) funding from Bank Muscat's Islamic unit Meethaq for the expansion of two key projects - Muscat Grand Mall and Millennium Executive Apartments - at Al K

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Bank Muscat posts 8.9pc rise in Q1 profit

Bank Muscat, Oman's largest lender, posted an 8.9 per cent increase in its first-quarter net profit on Tuesday, beating analysts' forecasts, as fee income swelled. The bank made a profit of OR43.3 million ($112.5 million)

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Bank Muscat shareholders approve $1.3bn sukuk

Shareholders of Oman's Bank Muscat approved plans for a OR500 million ($1.30 billion) sukuk programme that will be issued in various tranches, it said on Thursday. The plan comprises issuance in domestic and international mark

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