Oman Arab Bank
Commercial bank in Oman
From Wikipedia, the free encyclopedia
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]
| Company type | Public joint stock company |
|---|---|
| Industry | |
| Founded | 1 October 1984 |
| Headquarters | , Oman |
| Services | |
 RO92.960 million (2019)[1] | |
| Total assets | RO2.5 billion (2019)[2] |
| Parent |
|
| Website | www |
History
Oman Arab Bank was established in 1984.
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] The CEO Abdul Qader Ahmed Askalan resigned in 2013.[5]
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.[6]
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).[7]
Activities
Oman Arab Bank operates in the retail banking, corporate banking, project finance, investment banking, trade finance and Islamic banking sector.
