Oman Arab Bank SAOC was established in 1984 following the acquisition of Arab Bank’s branches in the Sultanate. Over the past three decades, the Bank has consistently expanded its reach as well as its products and services offering to provide customers in the country with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project finance, Investment banking, trade finance and most recently, Islamic Banking.
The shareholders at Oman Arab Bank are:
- Oman International Development & Investment Co. SAOG OMINVEST (50.99%)
- Arab Bank Plc (49%)
- Oman Real Estate Investment and Services SAOC (0.01%)
Today, Oman Arab Bank operates more than 65 branches and offices, and more than 135 ATMs in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (51%) and Arab Bank PLC (49%) and As of December 31st 2015, the Bank’s total assets stood at RO 1.98 Billion (USD 5.15 Billion) and net worth of RO 226 Million (USD 587 Million).