Oman Arab Bank

Oman Arab Bank SAOG
Company typePublic joint stock company
Industry
Founded1 October 1984 (1984-10-01)
Headquarters
Al-Ghubra, Muscat
,
Oman
Services
Increase RO92.960 million (2019)[1]
Total assetsIncrease RO2.5 billion (2019)[2]
Parent
Websitewww.oman-arabbank.com

Oman Arab Bank (Arabic: بنك عمان العربي) is a commercial bank in Oman, established in 1984. It is jointly owned by Arab Bank plc (49%), Oman International Development and Investment Company SAOG (31.63%) and other individual or corporate shareholders (19.37%).[3]

History

Oman Arab Bank was established in 1984.

In 2014, the bank launched its digital transformation strategy, enhancing its banking channels and services by employing the state-of-the-art technologies, promoting a culture of innovation and talent management, as well as providing added-value services through strategic partnerships.[4] The CEO Abdul Qader Ahmed Askalan resigned in 2013.[5]

Oman Arab Bank has acquired 100% of Alizz Islamic Bank in June 2020 and merged its Al Yusr Islamic Banking window with Alizz Islamic Bank.[6]

On July 6, 2020, Oman Arab Bank was transformed from a closed to a public joint stock company, with its shares listed on the Muscat Securities Market (MSM).[7]

Activities

Oman Arab Bank operates in the retail banking, corporate banking, project finance, investment banking, trade finance and Islamic banking sector.

See also

References

  1. ^ "Chairman Message". Oman Arab Bank.
  2. ^ "Chairman Message". Oman Arab Bank.
  3. ^ "About OAB". Oman Arab Bank.
  4. ^ "Oman Arab Bank Launches Step to the Future 2.0". BusinessLiveME. 2019-10-11. Retrieved 2020-08-12.
  5. ^ "Resignation of the CEO of Oman Arab Bank". www.ominvest.net. Retrieved 2023-02-03.
  6. ^ "Oman Arab Bank acquires Alizz Islamic Bank". The Arabian Stories. 2020-04-21. Retrieved 2020-08-12.
  7. ^ "Oman Arab Bank lists shares on MSM". Oman Observer. 2020-07-06. Retrieved 2020-08-12.

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