The international credit rating agency Capital Intelligence (CI) on Tuesday said that it has affirmed Oman-based Ahli Bank’s financial strength rating (FSR) at ‘BBB’, in view of the bank’s very sound loan asset quality.
Leading financial services provider Bank Muscat has partnered with the GCC New Age Banking Summit 2016, to be held at the Crowne Plaza in Muscat, Oman on 23 May this year.
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, hosted H.E. Talal bin Suleiman Al Rahbi, Deputy Secretary General of the Supreme Council for Planning, at the eighth Majlis Meethaq evening, a unique social forum aimed at facilitating interaction with prominent personalities sharing inspirational aspects of their life and career as well as views and perspective on the economy and important social and cultural issues.
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Oman will open subscriptions on Thursday for its first sovereign issue of Islamic bonds, taking a major step to develop its Islamic finance industry and giving the government a fresh channel to raise money.
Bank Muscat, the flagship financial services provider in the Sultanate, honoured employees of the Retail Banking department for achieving business growth objectives in 2015. The Management Team led by AbdulRazak Ali Issa, Chief Executive, felicitated the employees at the Nojoom award ceremony held at the bank’s head office.