Bank Sohar was established in March 2007 as a commercial bank following an initial public offering (IPO) in December 2006. The bank was launched with authorised capital of OR100m ($259m) and paid-up capital of OR50m ($129.5m). The bank has since grown its balance sheet substantially to become the fourth-largest bank by assets in Oman. The bank’s total assets grew from...
The Middle East Economy
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Articles & Analysis | Banking from The Report: Oman 2015
Articles & Analysis | New regulations are expected to boost sukuk issuance in the sultanate from The Report: Oman 2015
In January 2013 the Capital Market Authority (CMA), Oman’s capital markets and insurance sector regulatory agency, released draft regulations covering the issuance of sukuk – sharia-compliant debt instruments that function much like conventional bonds. Sukuk are the latest in a series of Islamic financial institutions and products to be introduced...
Interviews & Viewpoints | Sheikh Abdullah bin Al Salmi, Executive President, Capital Market Authority (CMA): Interview from The Report: Oman 2015
How is the CMA working to further involve capital markets in development project funding?
Articles & Analysis | Energy from The Report: Oman 2015
National Gas commenced its liquefied petroleum gas (LPG) bottling operations in 1981 and is currently engaged in the selling of LPG cylinders for retail consumption. In 2012 the company, through an indirect subsidiary, acquired Shell Malaysia’s LPG assets and business in West Malaysia. The company’s largest shareholder is the A’Sharqiya Investment Holding Company, which...
The guide contains listings of some of the leading hotels and resorts in Oman and contacts for important government offices and services. It also contains useful tips and information for first-time visitors.
Interviews & Viewpoints | Tariq Al Farsi, CEO, Al Raffd Fund: Interview from The Report: Oman 2015
What is your assessment of the new quotas to support small and medium-sized enterprises (SMEs), and what more can be done to realise the intended economic benefits of such decisions?