Oman Arab Bank Announces Increase of Authorised Capital to OMR 500 Million and Paid‑In Capital Boost of OMR 50 Million

 

Muscat, Oman – 24 June 2025 – Oman Arab Bank (“the Bank”), one of Oman’s leading financial institutions, announced that its Board of Directors has invited its shareholders to approve an increase in the Bank’s authorised capital from OMR 200 million to OMR 500 million. In addition, the Bank will raise its paid‑in capital by OMR 50 million through a rights issue to be underwritten by the Bank’s shareholders.

 

This capital enhancement, which remains subject to regulatory approval, will further strengthen the Bank’s capital adequacy ratios, support accelerated growth in retail and corporate lending, and provide a robust platform for continued digital‑banking innovation.

 

Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, stated, “The proposed increase in authorized and paid-up capital highlights our strong foundations as a brand. With a larger capital base, we can expand our credit to vital economic sectors, invest in the next generation of digital services, and deliver long-term, sustainable value to all stakeholders. This will pave the way for strengthening the bank’s balance sheet, strengthening its Tier 1 capital ratio, and providing the necessary flexibility to weather economic fluctuations.”

 

The paid‑in capital increase will be executed via a rights issue. Existing shareholders of record as of the book‑closure date (to be announced) will be entitled to subscribe on a pro‑rata basis. The authorised‑capital increase will give the Bank flexibility to undertake additional equity issuances in the future as market opportunities arise, while remaining within prudential limits.

About Oman Arab Bank

Founded in 1973, Oman Arab Bank provide commercial and Islamic banking activities, through its wholly owned subsidiary Alizz Islamic Bank, through 50 branches, 24/7 digital channels, and a network of correspondent banks.

Forward‑Looking Statements

This press release may contain forward‑looking statements. Actual results may differ materially from those expressed or implied. The Bank undertakes no obligation to update forward‑looking statements except as required by law.

Investor Contacts

Investor Relations: +968 24754334 • Investor.Relations@oman-arabbank.com

OAB’s Tumouhi Initiative Hits the Road with SME Development Workshops Across Oman

Muscat. Oman Arab Bank (OAB) has announced the launch of its SME Development Training Roadshow, a dynamic two-day program set to take place in Nizwa from June 17 to 18 under the patronage of H.E. Sheikh Dr. Faisal bin Ali bin Rashid Al Zidi; Wali of Manah. Held under the umbrella of the Bank’s Tumouhi initiative, the roadshow is tailored to equip small and medium enterprise (SME) owners with essential business skills, financial knowledge, and networking opportunities to fuel their growth. Most notably, this is the third workshop after the Muscat and Sohar events, with the bank’s aim to continue to cover all regions in the Sultanate of Oman.

 

The workshop  will be hosted at the Oman Chamber of Commerce and Industry Hall in Nizwa and is open to SME owners and aspiring entrepreneurs across the Sultanate. With a comprehensive agenda covering financial literacy, strategic planning, human resources, and marketing, participants will gain hands-on insights to help scale their ventures.

 

Commenting on the initiative, Sulaiman Al Harthi, CEO of Oman Arab Bank, said,
“At Oman Arab Bank, we believe SMEs are the backbone of our economy. Through the Tumouhi initiative, we are committed to empowering entrepreneurs with the skills and tools they need to thrive. The roadshow ascends being a mere training program. Truly, it is a platform for inspiration, connection, and sustainable growth.”

 

The Tumouhi SME Roadshow reflects OAB’s broader commitment to national economic development through targeted support for small businesses. The initiative also aligns with Oman Vision 2040 by fostering a resilient private sector powered by innovation, inclusion, and enterprise. Interested participants can register via the official OAB website. Seats are limited and early registration is encouraged.

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Oman Arab Bank Launches “Eidiyah” Cashback Campaign to Celebrate Eid Al-Adha with Customers

Muscat, Oman. 3 June 2025. In the spirit of Eid Al-Adha, Oman Arab Bank (OAB) has announced the launch of its festive cashback initiative, “Eidiyah from OAB”, designed to reward customers during one of the most joyful times of the year. This limited-time campaign offers credit cardholders a chance to win back OMR 20 when they spend OMR 200 or more from June 1 to June 5, 2025.

The promotion is open to all OAB Visa Infinite, Platinum, Gold, and Classic credit cardholders and includes both local and international retail transactions. The first 250 eligible customers to meet the spend threshold will receive OMR 20 cashback, bringing a festive boost to their holiday spending.

Mr.  Juma al Fulaiti, Deputy Head of Retail Banking at Oman Arab Bank, stated, “Eid is a time of generosity, connection, and celebration. We wanted to extend that spirit to our customers by giving something meaningful in return. With ‘Eidiyah from OAB,’ we’re not only honouring tradition but also deepening our relationship with our cardholders by rewarding them in a simple and impactful way.”

Unlike traditional giveaways or raffles, the campaign follows a first-come, first-rewarded model. No registration is required—customers simply need to use their OAB Visa credit cards to make qualifying purchases across a wide range of categories, including grocery, fashion, dining and gifts,. The cashback will be credited directly to eligible customers’ card accounts within 30 days after the campaign ends. It is worth noting that Apple Pay and Samsung Pay transactions are excluded from the promotion.

Whether it’s providing added value during special moments or simplifying everyday banking, OAB continues to shape its services around what matters most to its customers. Additionally, this campaign is one of several seasonal initiatives by Oman Arab Bank aimed at enhancing customer engagement through tailored rewards and exclusive benefits. It reflects OAB’s broader commitment to delivering not only financial products, but also meaningful experiences that resonate with customers across Oman.

OAB Inspires Future Leaders at an Exclusive Session with Sayyed Khalid bin Hamed Al Busaidi

Muscat. 19 May 2025. Oman Arab Bank (OAB) today hosted an exclusive leadership session featuring Sayyed Khalid bin Hamed Al Busaidi, a distinguished leader whose journey in visionary thinking and transformative leadership has made a significant impact in the Sultanate of Oman and beyond. The event, which took place at the OAB Auditorium, was attended by a great number of people, alongside employees, all eager to hear from a figure who exemplifies bold leadership and impactful change.

The session provided a unique opportunity for attendees to learn from Sayyed Khalid’s personal experiences of courage, resilience, and visionary execution. His insights into leadership challenged the audience to think bigger, act bolder, and lead with a stronger sense of purpose.

Mr. Sulaiman Al Harthi, CEO of Oman Arab Bank, expressed his enthusiasm for the event, highlighting the bank’s commitment to fostering leadership excellence. He said, “We are incredibly honored to have hosted Sayyed Khalid bin Hamed Al Busaidi today. His remarkable journey in leadership and transformation resonates with our core values at OAB. We believe in nurturing visionary leaders who will drive positive change in our society. Sayyed Khalid’s insights remind us all of the power of bold decisions to creating a meaningful impact. This event aligns with our ongoing efforts to inspire and empower the next generation of leaders.”

The event covered a range of topics, including the importance of innovation, the role of leadership in times of uncertainty, and how to foster a culture of resilience and creativity within organizations. Sayyed Khalid encouraged attendees to embrace challenges as opportunities for growth, emphasizing the significance of thinking beyond conventional boundaries.

As part of Oman Arab Bank’s commitment to developing its internal leadership, the session was an important step in cultivating a culture of innovation and positive change across the organization. OAB remains dedicated to supporting leadership development and inspiring individuals to lead with courage and integrity, thereby driving change and progress across Oman.

 

Oman Arab Bank Honored for Its Cooperation in Collecting Ministry of Labor Revenues Digitally

Muscat, 14 May 2025.

In confirmation of the strong ties and partnership between the government and private sectors, the Ministry of Labor honored Oman Arab Bank for its distinguished efforts in providing advanced digital payment solutions that contributed to facilitating the Ministry’s revenue collection processes and enhancing the digital transformation of the government services system.

Mr. Mohsen bin Saif Al Ma’amari, the General Director of Administrative and Financial Affairs at the Ministry, handed over the honorary plaque to representatives of Oman Arab Bank, in appreciation of the bank’s effective contribution to supporting the Ministry’s digital system and providing secure and seamless digital payment solutions for beneficiaries.

Mr. Mohsen bin Saif Al Ma’amari stated:

“We value this unique partnership with Oman Arab Bank, which embodies the true integration between the government and private sectors. We have witnessed positive reaction from beneficiaries regarding the ease of use of the digital payment systems provided by the bank, which has contributed to achieving high levels of efficiency and transparency in revenue collection.”

 

Oman Arab Bank is one of the leading banks in providing advanced digital banking solutions that meet the needs of both government and private institutions. The bank recently launched an integrated package of digital commercial banking services specifically designed to support its valued customers from the government and private sectors as well as the Small and Medium Enterprises (SMEs) and enable them to manage their financial operations smoothly and efficiently. These services include:

 

• The Corporate Mobile Banking app, which allows customers to manage their accounts and conduct financial transactions, including payments, salaries, and approvals, anytime, anywhere, giving business owners greater flexibility in making decisions and executing them quickly.

 

• Host-to-Host payment solutions, which provide a direct and secure connection between corporate systems and the bank’s payment system, facilitating daily financial transactions and reducing time, effort, and costs.

 

• The global SWIFTNet system, which enables companies to conduct international financial transactions quickly and securely through a reliable platform for transmitting financial messages and instructions.

 

• Virtual Account Collection Solutions, which allow organizations to track revenues by project or product by creating dedicated accounts for each payer, enhancing transparency and facilitating cash flow management.

 

Mr. Sulaiman bin Ali Al Hinai, General Manager, Chief Wholesale Banking Officer at Oman Arab Bank, stated: “Oman Arab Bank stands as a key pillar in the Sultanate’s financial landscape, leading the way in empowering both public and private sector institutions through cutting-edge financial solutions and advanced technological support. From the very beginning of the Blessed Renaissance, the bank has played a vital and strategic role in driving this national journey forward. We remain firmly committed to being at the forefront—delivering robust systems and innovative programs that not only enhance operational efficiency but also streamline procedures for all users, citizens and residents alike, in full alignment with Oman Vision 2040.”

Oman Arab Bank reaffirms its continued support for digital payment projects across various sectors, working alongside government institutions to enhance financial innovation and provide smart, secure banking solutions.