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
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.
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
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
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.