Friday 28 August 2015
 
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Bank Muscat

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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Bank Muscat to buy 230 Wave villas

The Wave, Muscat, a premier mixed-use community project, has sealed an agreement with Bank Muscat for the sale of 230 residential apartments in 4 blocks at its ‘Marsa Parklands’ development to the Omani lender. The dea

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Bank Muscat Q4 net profit drops 26.6pc

Bank Muscat, Oman's largest lender, posted a 26.6 per cent decrease in its fourth-quarter net profit on Thursday, missing analysts' estimates. The bank made a profit of RO36.5 million ($94.8 million) in the three months to

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Bank Muscat sells Oman brokerage to Gulf Baader

Bank Muscat, Oman's largest lender, has sold its brokerage business to Gulf Baader Capital Markets, a brokerage firm based in the sultanate, the lender said. The decision to sell the business was due to the bank's review o

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Bank Muscat unit plans maiden sukuk in Q1 2015

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.

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Bank Muscat Q3 net profit rises 2.5pc

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

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