Bank Muscat Acknowledged Amongst Top 10 Performing Companies in MSX

In recognition of its pioneering roles in delivering the best banking services and products for individual and corporate customers, Bank Muscat, the leading financial services provider in the Sultanate of Oman, was recently honoured with The Top Performing Company Award in large capital segment at the Oman Economic Review (OER) Corporate Excellence Awards ceremony held recently at the Sheraton Oman Hotel. The event was organised under the patronage of H.E. Faisal Abdullah Al Rawas, Chairman of Oman Chamber of Commerce and Industry. Prominent business figures and public company officials also attended the ceremony. The award was received by Khalifa Abdullah Al Hatmi, Deputy General Manager – Investment Banking and Capital Markets at Bank Muscat.
Bank Muscat was awarded based on a survey conducted by Moore in collaboration with OER about top performing companies listed on the Muscat Securities Exchange MSX. The Bank met the eligibility criteria, including strong financial performance, strategic growth, innovation, corporate social responsibility, and its significant contributions to the development of Oman’s banking sector. The recognition represents another milestone in the Bank’s impressive achievements and successes over its more than 40-year history, reaffirming its leading position in the banking sector in the Sultanate and its excellence in providing the best banking services to individual and corporate customers in the region.
Speaking on the occasion, Khalifa Abdullah Al Hatmi, Deputy General Manager – Investment Banking and Capital Markets at Bank Muscat, said: “We are immensely pleased about having Bank Muscat included amongst the top performing companies in the large capital segment. This recognition reflects the Bank’s commitment to sustainable growth, innovation, and contribution to the economic development of the country. It also highlights the Bank’s significant role in various fields, including offering innovative digital banking solutions and facilities for customers, focusing on expanding the customer base and enhancing customers’ banking experience. Bank Muscat has been very active in sustainability and corporate social responsibility field, showcasing its contribution to serving the community and strengthening cooperation with various institutions from public and private sectors. The Bank’s commitment to the CSR field comes in support of Oman’s economic objectives as well as the goals set within Vision Oman 2040.
Al Hatmi added that Bank Muscat’s commitment to maintaining its leadership in the Sultanate goes beyond providing banking services. He stated: “Bank Muscat has significantly contributed to fostering an environment that encourages innovation and sustainability. This recognition is a testament to the Bank’s relentless dedication to meeting quality and excellence standards. The Bank will continue its journey toward excellence and success, reaffirming its commitment to offering the best banking services that meet the needs of individual and corporate customers, in line with the its vision: To serve you better, every day.”
In order to enhance the pioneering cycle in the field of investment and open new horizons for investors, the Bank has recently launched the Al Tharwa Fund, a balanced fund investing in both equity and fixed income securities and offers regular dividends as well as capital appreciation to investors. Also, and Bank Muscat was appointed as the Issue Manager of the Initial Public Offering (IPO) of OQ Base Industries (OQBI), given the trust that the Bank enjoys locally, regionally and internationally, whether from individual, corporate customers and from various financial institutions, and also the Bank’s leading position in the field of providing financial and consulting solutions in the Sultanate.
Bank Muscat holds a prominent leadership position not only in the Sultanate’s banking sector but also in the Middle East. The Bank’s stance in local and regional markets stems from its dedication throughout its path to offering excellent services and products that cater to the current and future aspirations and needs of customers. The Bank has distinguished presence in serving its customers from institutions and SMEs through the range of banking services offered to them in various domains including investment, treasury, asset and wealth management, and private banking. The Bank also has a wide branch network of 189 branches and service centers distributed across the Sultanate, including 29 branches designated for Meethaq Islamic Banking, 5 branches designated for the Bank’s corporate and institutional customers. The Bank also has more than 890 ATMs, CDMs, and self-service machines. The fact that Bank Muscat continues to achieve positive financial results annually demonstrates its leadership position in the banking sector.
Showcasing its leadership position in offering the best banking services to its customers, Bank Muscat has recently been honored with several prestigious awards locally, regionally, and globally. These include the “Best Places to Work Award” from The Best Places To Work, Best Bank in Digital Banking Services for Corporate customers from Global Finance, Best Retail Bank in Oman from (MEED), the Best Bank for Corporate Responsibility from Euromoney, the Golden Award for Innovation in Banking Services for Corporates from Infosys Finacle Innovation, and Additionally, Bank Muscat was ranked among the Forbes list of the Top 100 Banking Companies in the Middle East.