Oman Arab Bank

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]

Oman Arab Bank SAOG
TypePublic joint stock company
Industry
Founded1 October 1984 (1984-10-01)
Headquarters
Al-Ghubra, Muscat
,
Oman
Key people
  • Rashad Al Zubair (Chairman)
  • Rashad Al Musafir (CEO)
Services
RO92.960 million (2019)[1]
Total assets RO2.5 billion (2019)[2]
Parent
Websitewww.oman-arabbank.com

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

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]

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. [5]

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). [6]


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. "Oman Arab Bank acquires Alizz Islamic Bank". The Arabian Stories. 2020-04-21. Retrieved 2020-08-12.
  6. "Oman Arab Bank lists shares on MSM". Oman Observer. 2020-07-06. Retrieved 2020-08-12.
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