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.
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,