OMINVEST has a diversified portfolio of investments in Oman’s banking sector. Our banking portfolio comprises Oman Arab Bank, Ahli Bank and Bank Muscat:
Oman Arab Bank
Oman Arab Bank (OAB) is OMINVEST’s associate and our oldest investment in the banking sector. OMINVEST owns 31.6% of OAB; since its inception in 1984, the bank has contributed significantly to the Group’s success through growth in profits and assets, and a steady stream of dividends. It is one of largest local banks in Oman with total assets of over $8.5 billion and total loans of over $6.5 billion. During 2020, OAB completed a landmark merger with Alizz Islamic Bank. OAB is led by a visionary board and highly capable management team. It enjoys a strong balance sheet, an established brand, committed shareholders and a growing market position.
OMINVEST, through its subsidiary Jabreen Capital, owns a 9.99% stake in Bank Muscat. It is Oman’s largest bank with total assets of over $32 billion, total loans of over $23 billion, 35% market share, 165 branches, and over 3,600 employees.
OMINVEST, through its subsidiary Jabreen Capital, owns an 8.4% stake in Ahli Bank. It is one of the most cost-efficient banks in Oman, has high credit quality with the lowest NPLs, and is well-positioned for growth. It has total assets of over $7 billion and total loans of over $5.7 billion.