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
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
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.
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
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
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
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
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
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)
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