Latest news with #ahlibank
Zawya
6 days ago
- Business
- Zawya
Ahlibank announces its financial results for the first half of 2025
Muscat: Amid the positive momentum witnessed by the Omani economy, ahlibank announced its interim financial results for the first half of 2025, reflecting sustained strength across both operational and financial indicators. This performance is the result of a forward-thinking strategy anchored in innovation, sustainability, and deeply rooted values. Throughout its journey, ahlibank upheld its distinguished track record through high-quality financing initiatives, advanced digital offerings, and socially driven programs, demonstrating its steadfast commitment to serving the nation and addressing the evolving needs of its diverse stakeholders. As the 'Partner in Excellence', the bank continues to shape meaningful progress across the financial landscape. During the six-month period ending 30 June, 2025, ahlibank recorded notable gains across all key performance metrics, demonstrating a consistent upward trajectory compared to the same period in 2024. Net loans, advances, and financing rose by 12.7% to OMR 3,161.7 million, driven by strong demand across both retail and corporate segments. Total assets increased by 13.6%, reaching OMR 3,911.5 million, reflecting the bank's expanded portfolio and prudent balance sheet growth. Customer deposits advanced by 15.6% to OMR 3,020.4 million, supported by growing customer trust, sustained engagement, and the bank's solid market positioning. Operating income climbed 13.1% to OMR 57.26 million, while operating expenses rose by 14.6% to OMR 24.60 million during the same period. Net profit for the first half of 2025 stood at OMR 22.36 million, marking a 10.7% year-on-year increase. These outcomes highlight the bank's disciplined execution of its strategic agenda and its capacity to deliver sustainable value across a broad-based performance spectrum. Commenting on the bank's performance, Said Abdullah Al Hatmi, CEO of ahlibank, stated: 'Our first-half results for 2025 reflect our clear strategic direction, relentless innovation, and the enduring trust of our stakeholders. We are proud to support Oman's economic vision while maintaining sustainable growth across our operational and banking solutions.' During the first half of 2025, ahlibank continued to strengthen its contribution to driving economic growth in the Sultanate of Oman through its pivotal role in financing strategic projects in the renewable energy sector. These efforts support the nation's objective of achieving net-zero carbon emissions by 2050. The bank also reinforced its leading position in the capital markets by successfully managing the issuance of sovereign sukuk on behalf of the Government of Oman, a testament to investors' strong confidence in the bank's financial expertise and capabilities. Additionally, ahlibank affirmed its leadership in the debt capital market by managing the issuance of Tier 1 perpetual bonds for United Finance Company, the first such issuance in Oman's leasing and finance sector in recent years. As part of its ongoing digital transformation journey, ahlibank has rolled out a suite of forward-thinking digital solutions designed to enhance customer experience, drive financial inclusion, and support the evolving needs of businesses and individuals alike. Key among these initiatives is ahlinext, an engaging platform that combines interactive learning with practical financial tools to help children manage allowances, earn rewards, and build financial literacy in a secure, parent-controlled environment. Complementing this, the bank introduced its advanced E-Mandate service via the corporate internet banking portal 'ahliNET', offering businesses a seamless and reliable solution for managing recurring payments eliminating traditional paper-based processes. These strategic efforts, along with solutions specifically designed for MSMEs, youth-focused financial literacy programs, and the development of automated payment services, reflect ahlibank's commitment to purposeful innovation, which earned it the title of 'Best Bank for SMEs' at the Euromoney Awards 2025. During the second quarter of this year, ahlibank witnessed significant expansion in its branch network, marked by the opening of four new branches targeting diverse customer segments and key locations to enhance accessibility to its premium banking services. This expansion included the opening of a dedicated branch for its 'Al Nukhba' and 'Exclusiv' customers in Muscat Governorate, offering a tailored banking experience that meets their unique needs. Additionally, a new branch was launched in Al-Rusayl Industrial City to serve both individuals and businesses. The bank also inaugurated a fully equipped branch in the Wilayat of Al Amerat, providing a comprehensive suite of products and services. As part of this strategic expansion, a new branch of its Islamic banking window, ahli islamic, was also opened in Al Ansab area of Muscat, further strengthening the bank's presence in the Islamic banking sector and delivering a holistic Sharia-compliant banking experience. With these additions, ahlibank's total branch network has grown to 52 branches across the Sultanate. Demonstrating its continued commitment to social responsibility and advancing financial inclusion, ahlibank provided targeted support to the Omar bin Al Khattab Institute for the Blind by equipping it with advanced interactive smart boards. This initiative has contributed to creating an enhanced learning environment, fostering classroom engagement, and developing digital skills among students and teachers. The bank also strengthened its partnership with Al Noor Association for the Blind by sponsoring specialized training programs in project management and financial literacy, benefiting over 100 participants from various governorates across the Sultanate. The initiative included the provision of educational tools tailored to the needs of individuals with visual impairments most notably the 'Perkins Brailler', a mechanical device for writing in Braille, along with compatible Braille paper. These efforts reflect the bank's dedication to empowering communities and driving inclusive socio-economic development. In line with its ongoing investment in developing national talent and strengthening human capital, ahlibank celebrated the graduation of the eighth cohort of its flagship program, Himam, during the first half of the year. The program reflects the bank's vision of empowering Omani youth and equipping them with world-class skills to enhance their readiness for the job market and prepare them for leadership roles within the banking sector. The results for the first half of 2025 reflect ahlibank's steady and well-balanced progress across multiple fronts, reaffirming its position as a leading financial institution that combines sustainable growth with the empowerment of national talent and meaningful contributions to Oman's comprehensive development journey.
Zawya
04-08-2025
- Business
- Zawya
Ahlibank's rights issue oversubscribed amid strong shareholder demand
Muscat: In a clear demonstration of market confidence and strategic momentum, ahlibank has successfully concluded its rights issue, which was oversubscribed. The offering comprised of around 357 million shares at a price of 142 Baiza per share (including 2 baisa issue expense per share), attracting robust participation from shareholders and strong interest across the investment community. This outcome reflects the strength of ahlibank's positioning and amplifies its readiness to capitalize on emerging opportunities with greater agility and scale. This landmark completion of ahlibank's rights issue marks a critical milestone, reinforcing the bank's capital position and affirming strong shareholder confidence in its long-term growth agenda. This outcome reflects a clear endorsement of ahlibank's disciplined strategy to accelerate transformation, enhance operational agility, and strengthen its position in an increasingly competitive banking landscape. More than a financial transaction, this initiative 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 rights issue forms part of a broader capital optimization initiative designed to enhance the bank's financial flexibility and underpin its next stage of evolution. The funds raised will be directed toward executing core strategic initiatives while also enabling greater lending capacity to fuel business activity. These efforts will contribute to bolstering capital adequacy ratios, strengthening market resilience, and supporting the bank's objective of delivering superior value across its stakeholder ecosystem. This successful issuance not only reinforces confidence in ahlibank's governance and institutional strength but also highlights the bank's progressive strategy. As the operating environment continues to evolve, ahlibank remains steadfast in its commitment to sustainable growth, disciplined execution, and market leadership. With an enhanced capital structure and a future-oriented approach, the bank is well-equipped to accelerate its performance trajectory and seize value-accretive opportunities across the Sultanate of Oman.
Zawya
09-07-2025
- Business
- Zawya
Ahlibank completes 20% discount offer at Lulu Hypermarket for its credit cardholders
Muscat: Reinforcing its customer-centric philosophy and unwavering commitment to delivering tangible value to its credit cardholders, ahlibank successfully concluded an exclusive limited-time offer in collaboration with Lulu Hypermarket. The campaign provided an instant 20% discount when using ahlibank credit cards for payments made at Lulu Hypermarket. Designed to add more value to everyday purchases, the promotion allowed customers to enjoy savings of up to OMR 10 per transaction. The offer covered a wide range of supermarket products, including both food and non-food items; particularly health and cosmetic products while excluding electronics, home appliances, toys, and clothing. This offer is part of a series of diverse promotions launched by ahlibank throughout the year, particularly during the summer season, with the aim of delivering real value to everyday transactions. It reflected the bank's strategic approach to introducing initiatives that helped ease the cost of living, especially on essential and consumer goods, by providing immediate and practical value that enhanced customers' purchasing power. These initiatives also highlight the bank's ongoing commitment to building long-term relationships with its customers by designing tailored offers that suit diverse lifestyles of families and individuals seeking financial flexibility. This approach demonstrated ahlibank's dedication to fostering engagement and strengthening loyalty through its comprehensive suite of products and services. Lulu Hypermarket, known for its extensive network, diverse product range, and strong market presence, serves as a trusted partner for ahlibank in delivering such impactful initiatives. By collaborating with retail leaders who share a customer-first ethos, ahlibank ensures that its cardholders benefit from exclusive, market-leading privileges that distinguish its credit card portfolio in an increasingly competitive financial landscape. Through its consistent efforts, ahlibank remains committed to anticipating the evolving needs of its customers by continuously innovating its offerings and forging meaningful partnerships. Through a combination of forward-looking strategies and customer-oriented initiatives, the bank seeks to create long-term value, cementing its position as a preferred financial partner within the community.
Zawya
03-07-2025
- Business
- Zawya
Ahlibank expanded credit card benefits by offering 25% cashback at ‘extra'
Muscat: In line with its ongoing commitment to addressing evolving customer needs and consistently enhancing their experiences, ahlibank announced an exclusive, limited-time offer that provided its credit cardholders with a 25% cashback in Pearl Points – ahlibank's loyalty program – when shopping at 'extra' stores, as well as through the retailer's official app and website. This initiative reflected the bank's approach to delivering valuable offers that seamlessly integrated into customers' daily lives, adding meaningful value. The promotion applied to purchases made on 29 and 30 June 2025, allowing customers to accumulate up to OMR 30 in Pearl Points during the offer period. Such offers reflect ahlibank's commitment to delivering quality rewards that align with its customers' aspirations, especially during the holiday and summer seasons. The bank continues to introduce a diverse range of offers both within the Sultanate and abroad, covering cinemas, dining, fashion, jewellery, and entertainment venues. By strengthening its partnerships with leading brands in the retail sector, ahlibank continues to develop tailored experiences that serve its customers and foster long-term relationships built on trust. It is worth noting that 'extra' is one of the leading retail brands in the Sultanate of Oman and the wider region, offering a comprehensive shopping experience that combines innovation and quality in the world of consumer electronics and home appliances. With its extensive presence across the Middle East, 'extra' maintains a strong foothold and stands as the preferred shopping destination for over 12 million customers in the region, thanks to its diverse product range and exceptional service offerings. By forging partnerships that align with customer interests, the bank reinforces its position as a forward-looking financial institution that integrates added value into its comprehensive service portfolio. As ahlibank advances its strategic growth agenda, initiatives like these reaffirm its unwavering commitment to delivering tangible value and continuously enhancing its customers' banking experiences.
Zawya
19-06-2025
- Business
- Zawya
Ahlibank demonstrates market leadership in DCM with successful oversubscription of United Finance Company's senior bond issuance
Muscat: Reinforcing its position as a leading player in the Sultanate of Oman's debt capital markets (DCM), ahlibank has successfully acted as Issue Manager for the OMR 15 million senior bond issuance by United Finance Company (UFC), comprising a base issue of OMR 10 million and a fully exercised greenshoe option of OMR 5 million. The transaction had a novel structure of being the first senior bond issuance by a Finance and Leasing Company (FLC) in recent years. This structure enabled the three-year issuance to price competitively at a coupon of 7.00% pa. Commenting on the success, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank said, 'We continue to remain the #1 issue manager for fixed income issuance for private issuers on the Muscat Stock Exchange. At ahlibank, we remain committed to empowering Omani corporates through bespoke capital-raising strategies that are both efficient and market-responsive. The successful execution of this bond issuance underscores our advisory strength, our distribution expertise, and our ability to navigate market dynamics with precision, positioning ahlibank as a trusted partner in accelerating corporate growth through capital market access.' The issuance garnered robust investor interest with total demand of OMR 17.2 million, reflecting a 1.7x oversubscription underscoring ahlibank's capability in structuring and delivering high-impact capital market transactions. The private placement received over 60 applications, representing the highest level of investor participation for any comparable corporate bond issuance in recent years. This issuance was ahlibank's fourth bonds issuance in the FLC sector with all four issuances achieving oversubscription. The strong momentum surrounding the offering illustrates growing market confidence—not only in the issuer, but also in ahlibank's execution expertise and market-readiness. Notably, the transaction drew a well-diversified investor base, with participation from high net worth individuals, banks, government entities, corporates and asset managers. The diversity of this participation is a direct reflection of ahlibank's ability to deliver well-structured investment opportunities that resonate across stakeholder segments. Meanwhile, the depth of engagement reaffirms the bank's standing as a trusted financial intermediary within Oman's evolving capital markets landscape. The successful closure of this issuance further solidifies ahlibank's position in the investment banking space, reinforcing its long-term strategic objective of diversifying revenue streams and deepening its leadership in Oman's capital markets. Beyond its institutional significance, the transaction also serves as a market catalyst, demonstrating the viability of capital market instruments as an effective financing avenue for corporates, particularly those within the non-bank financial sector. As ahlibank continues to strengthen its investment banking capabilities, the bank remains committed to fostering a resilient, innovation-led capital market ecosystem that contributes meaningfully to Oman's long-term economic diversification agenda.
