Latest news with #BankMuscat
Times of Oman
3 hours ago
- Business
- Times of Oman
Bank Muscat awarded Best Investment Bank in Oman Award by MEED
Muscat: In affirmation of its leading roles in the banking sector and its excellence in delivering diversified investment solutions, Bank Muscat, the leading financial services provider in the Sultanate of Oman, was honored with the Best Investment Bank in Oman Award by MEED during the distinguished MENA Banking Excellence Awards event held recently in Dubai. These prestigious awards recognize the most innovative and customer-focused financial institutions across various sectors in the region. The Bank's award was received by Salim Said Al Shanfari, the representative of Bank Muscat's office in UAE, attended by prominent figures from across the Middle East and the world. Bank Muscat was selected following a rigorous and comprehensive evaluation process, including in-depth assessments and consultations with industry experts. This accolade stands as a testament to the bespoke financial advisory and fundraising solutions offered by Bank Muscat to businesses in Oman. The Bank, represented by its Investment Banking & Capital Markets Division, provides a wide range of advisory services encompassing corporate finance, project finance, debt capital markets, debt refinancing, structured financings, quasi-equity financings, private placements, mergers and acquisitions as well as managing initial public offerings (IPOs) in multiple business sectors. With a strong track record of pioneering achievements, Bank Muscat continues to deliver innovative and customized financial solutions that cater to the diverse needs of its customers. On this occasion, Khalifa Abdullah Al Hatmi, Deputy General Manager – Investment Banking & Capital Markets at Bank Muscat, expressed his pride in winning the Best Investment Bank in the Sultanate. He said: 'This recognition reflects the confidence of our customers in the Bank's outstanding financial advisory and fundraising solutions. The Bank is dedicated to developing tailored fundraising solutions through a strategic focus on innovation and flexibility. We would like to extend our sincere gratitude to all customers for their continued trust and confidence in the Bank's investment banking team.' In recognition of its outstanding track record, Bank Muscat has received numerous accolades from prominent local and international institutions, including the "Deal of the Year" Award for its instrumental role in successfully managing the inaugural USS RegS/144A Sukuk Issuance of the Oman Telecommunication Company (Omantel) in the international capital market from the prestigious Islamic Finance News, and two distinguished awards from Euromoney: The Best Investment Bank in Oman and Best Bank for Alternative Investments. Bank Muscat is the largest asset manager in the Sultanate of Oman and a leading asset manager within the GCC, with a legacy of excellence spanning nearly three decades. Bank Muscat manages investments across equities, fixed income and real estate assets in local, regional and international markets.
Zawya
7 hours ago
- Business
- Zawya
Oman: Bank Muscat Al Tharwa Fund announces first interim dividend distribution for unitholders
Bank Muscat, the leading financial services provider in the Sultanate of Oman, announces that the Fund Management Body of Bank Muscat Al Tharwa Fund has approved the first interim dividend distribution of 1% to the Fund's unitholders within less than one year of commencement of operations. The record date for the dividend distribution is 19th August, 2025 and investors will have the choice to receive their dividend proceeds in cash or reinvest in Al Tharwa Fund at the ex-dividend date Net Asset Value (NAV) per unit of August 19, 2025. Bank Muscat Al Tharwa Fund was launched in September 2024 as an open-ended fund regulated by the Financial Services Authority in the Sultanate. The Fund is the first of its kind in Oman providing a unique combination of growth and income to investors by actively investing in two key asset classes i.e. equity and fixed income. The allocation to these asset classes is dynamically managed by Bank Muscat's experienced asset management team, based on prevailing market conditions and objectives of the Fund. Accordingly, the Fund aims to provide regular dividend distributions along with capital appreciation to unitholders over the medium to long term. Al Tharwa Fund provides an opportunity to invest in both equity and fixed income securities across local, regional and international markets. The Fund offers daily liquidity with no minimum holding period. Investors can subscribe to the Fund with a minimum subscription amount of OMR 50 and there is no maximum limit for investment. The subscription and redemption from the Fund are available through Bank Muscat's Internet Banking and Mobile Banking platforms for the Bank's individual customers. Corporates and government institutions may approach their relationship managers at Bank Muscat for mutual fund investments. Alternatively, interested customers may contact the relevant team at Bank Muscat through and understand the process to subscribe into the Fund. Please refer to the Prospectus of Bank Muscat Al Tharwa Fund available on to understand the Fund's details including key terms and conditions as well as the main risk factors. Bank Muscat's Asset Management business has a proven track record of successful operations for almost 30 years and is the largest asset manager in the country and one of the leading asset managers in the GCC region, with approximately $3.6 billion of AUM. It offers tailored investment solutions across asset classes including equity, fixed income and real estate investments. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
a day ago
- Business
- Times of Oman
Bank Muscat Al Tharwa Fund announces first interim dividend distribution for unitholders
Bank Muscat, the leading financial services provider in the Sultanate of Oman, announces that the Fund Management Body of Bank Muscat Al Tharwa Fund has approved the first interim dividend distribution of 1% to the Fund's unitholders within less than one year of commencement of operations. The record date for the dividend distribution is 19th August, 2025 and investors will have the choice to receive their dividend proceeds in cash or reinvest in Al Tharwa Fund at the ex-dividend date Net Asset Value (NAV) per unit of August 19, 2025. Bank Muscat Al Tharwa Fund was launched in September 2024 as an open-ended fund regulated by the Financial Services Authority in the Sultanate. The Fund is the first of its kind in Oman providing a unique combination of growth and income to investors by actively investing in two key asset classes i.e. equity and fixed income. The allocation to these asset classes is dynamically managed by Bank Muscat's experienced asset management team, based on prevailing market conditions and objectives of the Fund. Accordingly, the Fund aims to provide regular dividend distributions along with capital appreciation to unitholders over the medium to long term. Al Tharwa Fund provides an opportunity to invest in both equity and fixed income securities across local, regional and international markets. The Fund offers daily liquidity with no minimum holding period. Investors can subscribe to the Fund with a minimum subscription amount of OMR 50 and there is no maximum limit for investment. The subscription and redemption from the Fund are available through Bank Muscat's Internet Banking and Mobile Banking platforms for the Bank's individual customers. Corporates and government institutions may approach their relationship managers at Bank Muscat for mutual fund investments. Alternatively, interested customers may contact the relevant team at Bank Muscat through [email protected] and understand the process to subscribe into the Fund. Please refer to the Prospectus of Bank Muscat Al Tharwa Fund available on to understand the Fund's details including key terms and conditions as well as the main risk factors. Bank Muscat's Asset Management business has a proven track record of successful operations for almost 30 years and is the largest asset manager in the country and one of the leading asset managers in the GCC region, with approximately $3.6 billion of AUM. It offers tailored investment solutions across asset classes including equity, fixed income and real estate investments.
Zawya
a day ago
- Business
- Zawya
Bank Muscat leverages innovation to enhance customer experience and drive digital excellence
As part of its ongoing commitment to customer-centric transformation, Bank Muscat, the leading financial services provider in the Sultanate of Oman, continues to lead the way in adopting cutting-edge innovations and technologies that enhance service excellence and streamline operations across all channels. From AI-powered tools to automated workflows, the Bank is continuously raising the bar in delivering smarter, faster, and more intuitive customer experiences. Bank Muscat remains committed to being a future-ready institution, combining the strength of its workforce with the power of technology to drive excellence, trust, and long-term value for customers. At the heart of this strategy is a vibrant internal culture of innovation, where employees are empowered to challenge the status quo and put forward ideas that solve real customer pain points. Through dedicated innovation platforms and cross-functional collaboration, staff at all levels and across regions are encouraged to contribute to the Bank's goals of simplifying processes, anticipating customer needs, and delivering meaningful experiences across every touchpoint. Bank Muscat continues to expand a broad portfolio of innovative initiatives designed to elevate service delivery, enhance efficiency, and strengthen customer engagement. This includes investment in its mobile banking platform with new features rolled out regularly to provide comprehensive and intuitive banking services from the App. Also, the Bank has introduced tokenized card services, Apple Pay, Samsung Pay, QR payments, and soft POS solutions aimed at delivering secure, convenient, and future-ready payment experiences. Besides the comprehensive and intuitive banking services directly from the Mobile and Internet Banking, the Bank has a network of ATMs, CDMs, instant card issuance kiosks, and statement printing machines offer customers easy access to banking services, reducing wait times and enhancing convenience. The Bank is a leader when it comes to Corporate Ecosystems Integration. Through API-based solutions, the Bank enabled corporate customers to integrate banking capabilities directly into their operational systems. The Bank is also utilizing AI and robotic process automation across various functions to improve productivity, enhance decision-making, and support faster and more accurate service delivery. As the leading financial institution, the Bank is committed to continuously evolving its operations and services to meet the changing expectations of customers, businesses, and the wider economy. Looking ahead, the Bank will continue to invest in the latest digital capabilities, and is exploring further initiatives in generative AI, predictive analytics, and omnichannel servicing aimed at ensuring seamless, personalized interactions that exceed customer expectations. As a result, the Bank has earned the trust of the local, regional, and international community, winning several prestigious awards in various business fields, including leadership in the digital domain. The Bank received the Best Bank for Digital Solutions Award at the Euromoney Private Banking Awards 2025, the Best Digital Bank Award in Oman at the Euromoney Excellence Awards 2025, and the Best Bank for Communications and Digital Marketing Award from The Banker, as well as the Gold Award for Innovation in Digital Channels and another award for Enhancements to improve the security standards of digital channels at the Infosys Innovation Awards 2025. It also named the Best Brand in Customer Experience- Retail Banking by Times of Oman from Muscat Media Group (MMG). © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
2 days ago
- Business
- Times of Oman
Bank Muscat leverages innovation to enhance customer experience and drive digital excellence
As part of its ongoing commitment to customer-centric transformation, Bank Muscat, the leading financial services provider in the Sultanate of Oman, continues to lead the way in adopting cutting-edge innovations and technologies that enhance service excellence and streamline operations across all channels. From AI-powered tools to automated workflows, the Bank is continuously raising the bar in delivering smarter, faster, and more intuitive customer experiences. Bank Muscat remains committed to being a future-ready institution, combining the strength of its workforce with the power of technology to drive excellence, trust, and long-term value for customers. At the heart of this strategy is a vibrant internal culture of innovation, where employees are empowered to challenge the status quo and put forward ideas that solve real customer pain points. Through dedicated innovation platforms and cross-functional collaboration, staff at all levels and across regions are encouraged to contribute to the Bank's goals of simplifying processes, anticipating customer needs, and delivering meaningful experiences across every touchpoint. Bank Muscat continues to expand a broad portfolio of innovative initiatives designed to elevate service delivery, enhance efficiency, and strengthen customer engagement. This includes investment in its mobile banking platform with new features rolled out regularly to provide comprehensive and intuitive banking services from the App. Also, the Bank has introduced tokenized card services, Apple Pay, Samsung Pay, QR payments, and soft POS solutions aimed at delivering secure, convenient, and future-ready payment experiences. Besides the comprehensive and intuitive banking services directly from the Mobile and Internet Banking, the Bank has a network of ATMs, CDMs, instant card issuance kiosks, and statement printing machines offer customers easy access to banking services, reducing wait times and enhancing convenience. The Bank is a leader when it comes to Corporate Ecosystems Integration. Through API-based solutions, the Bank enabled corporate customers to integrate banking capabilities directly into their operational systems. The Bank is also utilizing AI and robotic process automation across various functions to improve productivity, enhance decision-making, and support faster and more accurate service delivery. As the leading financial institution, the Bank is committed to continuously evolving its operations and services to meet the changing expectations of customers, businesses, and the wider economy. Looking ahead, the Bank will continue to invest in the latest digital capabilities, and is exploring further initiatives in generative AI, predictive analytics, and omnichannel servicing aimed at ensuring seamless, personalized interactions that exceed customer expectations. As a result, the Bank has earned the trust of the local, regional, and international community, winning several prestigious awards in various business fields, including leadership in the digital domain. The Bank received the Best Bank for Digital Solutions Award at the Euromoney Private Banking Awards 2025, the Best Digital Bank Award in Oman at the Euromoney Excellence Awards 2025, and the Best Bank for Communications and Digital Marketing Award from The Banker, as well as the Gold Award for Innovation in Digital Channels and another award for Enhancements to improve the security standards of digital channels at the Infosys Innovation Awards 2025. It also named the Best Brand in Customer Experience- Retail Banking by Times of Oman from Muscat Media Group (MMG).
