Sohar International closed 2018 on a strong and remarkable note. The year was a noteworthy milestone on the bank’s journey towards becoming a leading service company, with sustained growth throughout the year
Sohar International is among the youngest banks and it is the fastest growing bank in Oman with 10 per cent market share, serving over 250,000 customers and offering a wide range of corporate, investment, retail and Islamic banking services through an extensive network of physical and digital touchpoints across the Sultanate.
Sohar International closed 2018 on a strong and remarkable note. The year was a noteworthy milestone on the bank’s journey towards becoming a leading service company, with sustained growth throughout the year. The bank worked extensively on reinforcing its commitment towards an enhanced performance on the fundamentals in response to on-going challenging operating environment.
Sohar International performed well in 2018, ending the year with a net profit of RO29.36mn, comparing to RO25.33mn in 2017, marking an increase of 15.9 per cent. The bank’s board of directors recommended a cash dividend of 6 per cent for the year, corresponding to 6 baisas per share. The bank closed 2018 with a promise to generate more velocity, vision, and value for our stakeholders.
The dawn of 2019 along with the bank’s rebrand retains its focus on customer centricity with the launch of the new identity under the name Sohar International. Sohar International embodies a new purpose to help customers, community and people to grow, prosper and win by providing them responsive banking solutions in an ever-changing world.
Best-in-class digital wallet
The launch of eFloos in collaboration with Omantel is one example of the best-in-class digital wallet whose adoption by customers has been overwhelming. The eFloos digital wallet delivers on the bank’s principle of more velocity, more value and more vision that provides speed, scale and simplicity to our customers’ increasingly busy lifestyles. Sohar International is investing heavily in innovation and entrepreneurship to provide its customers with the best-in-class value-added products and services.