Latest news with #Ahlibank
Zawya
04-08-2025
- Business
- Zawya
Oman: Ahlibank's rights issue oversubscribed amid strong shareholder demand
Muscat – Ahlibank has successfully concluded its rights issue, which was oversubscribed. The offering comprised approximately 357mn shares at a price of 142bz per share (including a 2bz issue expense per share), attracting strong participation from shareholders and significant interest across the investment community. This outcome reflects the strength of Ahlibank's market positioning and underscores its readiness to capitalise on emerging opportunities with greater agility and scale. This landmark achievement marks a critical milestone for the bank, reinforcing its capital position and affirming shareholders' confidence in the bank's long-term growth strategy. It serves as a clear endorsement of Ahlibank's disciplined approach to transformation, operational agility, and strengthening its standing within an increasingly competitive banking landscape. More than a financial transaction, the rights issue deepens alignment between shareholders and the bank's strategic vision, ensuring Ahlibank remains well-positioned to deliver sustainable value, drive performance-led growth, and navigate future opportunities with resilience and precision. The capital raise forms part of a broader capital optimisation initiative aimed at enhancing the bank's financial flexibility and supporting its next phase of development. The funds will be directed towards executing core strategic initiatives and expanding the bank's lending capacity to stimulate business activity. These efforts will contribute to improving capital adequacy ratios, strengthening market resilience, and supporting the bank's objective of delivering superior value to its stakeholders. This successful issuance not only reinforces confidence in Ahlibank's governance and institutional strength but also highlights the bank's forward-looking strategy. As the operating environment continues to evolve, Ahlibank remains committed to sustainable growth, disciplined execution, and market leadership. With an enhanced capital structure and a future-oriented outlook, the bank is well-positioned to accelerate its growth trajectory and seize value-accretive opportunities across Oman. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
26-07-2025
- Business
- Muscat Daily
Muscat Stock Exchange index breaks 4,700-point barrier
Muscat – The Muscat Stock Exchange's (MSX) main index recorded new gains last week, surpassing the 4,700-point threshold and extending its winning streak to five consecutive weeks. The index reached 4,777 points – its highest level since early November – before trimming gains and closing the week at 4,718 points, up 64 points overall. Sectoral indices also posted positive performances, led by the Industrial Sector Index, which climbed 116 points. The Services Sector Index rose by 78 points, the Financial Sector Index by 27 points, and the Shariah Index by approximately 8 points. This upward trend was supported by increased institutional investment in the MSX and growing investor optimism regarding improved financial results, following the recent announcement of listed public joint-stock companies' earnings for the first half of the year. Last week, the Muscat Stock Exchange recorded a market capitalisation gain of RO178.2mn, reaching RO28.821bn by the close of trading on Thursday. Trading value surged by 64% to RO135.1mn, compared with RO82.3mn the previous week. The number of executed transactions also rose by 26.5%, from 10,593 to 13,400. OQ Base Industries led trading activity, with trades valued at RO36.5mn – accounting for 27% of total trading value. Bank Muscat followed with RO22.2mn, Oman Flour Mills with RO18.7mn, OQ Exploration and Production with RO16.5mn, and Sohar International with RO12.7mn, representing 9.4% of the total. A total of 47 securities advanced last week, while 28 declined and 12 remained unchanged. Dhofar Power Generation Company posted the highest gain, rising 32.7% to close at 77bz. Building Materials Industries increased by 25.4% to close at 79bz, and Al Suwadi Energy climbed 17.5% to reach 94bz. Among the biggest losers, United Finance bonds fell 30% to close at 70bz. Barka Water and Power shares declined by 12.2% to 180bz, and Oman Arab Bank's 2024 mandatory convertible bonds dropped 9% to close at RO1. In a significant development, OQ Exploration and Production announced its intention to repurchase a portion of its listed shares on the Muscat Stock Exchange. The company plans to buy between 45mn and 60mn shares at market price. The repurchase process will commence on August 9 and continue until February 9, 2026, or until the targeted number of shares has been acquired. Following the announcement, OQEP's share price fell by 16bz – from 348bz to 332bz. The share had previously seen a price increase after the company's extraordinary general meeting on June 24 approved an amendment to its articles of association, introducing a provision related to share buybacks. Last week also saw the launch of Ahlibank's pre-emptive rights issue, which is open to shareholders from July 24 to 28. Valued at RO50mn, the bank announced that share allocation will take place on July 30. The offering, priced at 142bz per share, is part of Ahlibank's efforts to raise capital. Ahlibank's share closed at 150bz at the end of the week's trading, down two baisas from the previous close. Four transactions were executed, amounting to RO10,600. Meanwhile, the pre-emptive rights saw 51 transactions involving 91mn rights, valued at RO96,000, with prices ranging between one and two baisas.
Zawya
22-07-2025
- Business
- Zawya
Oman: MSX sees 64% jump in turnover as trading activity accelerates in H1
Muscat – The total trading value, or market turnover, at the Muscat Stock Exchange (MSX) rose sharply to RO917.2mn in the first half of 2025, marking a 64% increase compared to the RO559.1mn recorded during the same period in 2024. The number of transactions executed at the Omani bourse increased by 23.5% during the January–June period this year, rising from 119,000 to over 147,000. This growth was supported by a rise in the number of listed companies, their capital, and market capitalisation, offering investors a more diversified range of options. The MSX benefited during the first half of the year from new listings over the past two years, which have boosted institutional investment and enhanced investor confidence. The exchange also gained from improved financial results and higher net profits posted by listed public joint-stock companies. On a monthly basis, February recorded the highest trading value in H1 2025, at RO234.5mn. June followed with RO229.4mn, while May came third at RO149.4mn. January posted the lowest trading value, at RO75.3mn, according to a report by the Oman News Agency. Ahlibank topped the list of the most traded companies by trading value, with transactions worth RO164.2mn, representing 17.9% of the total. OQ Exploration and Production ranked second with RO108.1mn in trades, followed by OQ Base Industries at RO104.3mn. Bank Muscat took fourth place with trades totalling RO93mn, while Sohar International ranked fifth at RO83.7mn, representing 9.1% of the total trading value. According to the report, the MSX's main index was impacted during the first half of the year by regional and global political developments, as well as volatility in most regional and international stock markets. The main index closed at 4,500 points at the end of June trading, reflecting a decline of 75 points compared to its level at the end of 2024. The index recorded its only monthly gain in May, rising by 244 points, while its largest monthly decline was in February, down 107 points. It also fell by 68 points in March and 60 points in June. The market capitalisation of securities listed on the MSX rose to RO28.27bn by the end of June trading, an increase of RO675.3mn compared to its level at the end of 2024. This growth was driven by rising stock prices, new listings in the bonds and sukuk market, and capital increases by several public joint-stock companies through the distribution of bonus shares. In the first half of 2025, Asyad Shipping Company was listed on the exchange following its transformation into a public joint-stock company through an initial public offering of 20% of its capital, equivalent to 1.041bn shares. The period also saw the transformation of Computer Stationery Manufacturing Company from a public joint-stock company into a closed joint-stock company. Additionally, Oman Investment and Finance Company merged with Dhofar International Development and Investment Company. As a result, Oman Investment and Finance Company was delisted from the Muscat Stock Exchange on July 2. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
ILoveQatar.net
29-06-2025
- Business
- ILoveQatar.net
Doha Oasis & Ahlibank partner to elevate lifestyle experiences of Ahlibank Credit Card holders
Doha Oasis and Ahlibank Q.P.S.C. have joined hands in a strategic partnership that brings together two leading Qatari institutions in a collaboration designed to elevate the lifestyle experiences of Ahlibank Credit Card holders. The strategic partnership will unlock exclusive privileges across Doha Oasis destination portfolio of luxury, entertainment, sports and culinary experiences. At the heart of this offering is the 5-star Banyan Tree Doha Hotel by la Cigale Msheireb, the iconic Doha Quest—Qatar's first indoor theme parkhome to two Guinness World Record-breaking rides—and Printemps Doha, the largest luxury department store in the Middle East, as well includes access to Doha Oasis Padel, featuring world-class indoor courts. The collaboration will also offer in the near future special offers at Novo Cinemas at Doha Oasis which include Novo Signature, Novo 7-Star, Imax, Novo Kidz, Novo Bowling and more. This initiative reflects a shared commitment to curating bespoke, high-end experiences for Ahlibank loyal customers. Under this new partnership, eligible Ahlibank Visa Infinite and Signature Credit Card Holders will enjoy a range of privileges across Doha Oasis destination. These benefits have been designed to offer memorable and convenient access to the iconic venue attraction and experiences, reinforcing both partners' commitment to quality unique customer-centric experiences. Speaking on the occasion, Mr. Victor Agha, Chairman of Doha Oasis, stated, 'Across our destination experiences, from luxury hospitality to immersive entertainment, wellness and global culinary experiences, we've curated offerings that reflect the highest standards of excellence in Qatar. This strategic partnership with Ahlibank brings those experiences closer to their valuable customers. By aligning with a leading financial institution, we're reinforcing Doha Oasis as the premier lifestyle and leisure destination in the region.' Mr. Hassan Ahmed AlEfrangi, CEO of Ahlibank, added, 'This strategic partnership with Doha Oasis underscores Ahlibank's commitment to building meaningful alliances that enrich the lifestyle of our customers. By joining forces with one of Qatar's most iconic destinations, we're able to offer our Visa Infinite and Signature Credit Card holders access to exceptional experiences that reflect the quality and exclusivity they expect. Together, we are elevating what it means to bank with Ahlibank — combining financial value with premium lifestyle rewards. This partnership marks an important milestone for both entities, reflecting a long-term vision of collaboration and service excellence. It also aligns with Qatar's broader strategy to develop and diversify its high-end tourism and hospitality offerings. Further details of the offers and eligibility criteria will be made available to Ahlibank Visa Infinite and Signature Credit Card through the website and social media channels. Source & cover image credit: Press Release
Zawya
12-06-2025
- Business
- Zawya
Oman: United Finance's $38mln bond issuance oversubscribed
Muscat – United Finance Company on Wednesday announced the successful completion of its privately placed, senior unsecured bond issuance, which was oversubscribed by 71%. Strong investor demand enabled the company to increase the offer from the originally targeted RO10mn to a final issue size of RO15mn. The bonds carry a fixed coupon of 7% per annum, payable semi-annually, and will be listed on the Muscat Stock Exchange (MSX). Ahlibank acted as issue manager and collection bank, while Al Busaidy, Mansoor Jamal & Co served as legal adviser. Nasser al Rashdi, Chief Executive Officer of United Finance, said, 'The overwhelming response to this offering reflects investors' confidence in United Finance's financial strength and strategic direction. The additional capital enhances our balance sheet flexibility as we execute our growth roadmap and continue to deliver innovative, customer-centric financing solutions.' The proceeds will support United Finance's ongoing transformation initiatives, digital expansion, and selective portfolio growth – all aligned with prudent risk management and long-term shareholder value creation. With a strengthened capital base, the company is poised to capture emerging opportunities across its target segments while maintaining robust liquidity and capital adequacy ratios. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
