Oman Arab Bank was established in 1984, following the acquisition of all Arab Bank branches in the Sultanate. In 1992, operations were expanded with the acquisition of all retail branches of Omani European Bank, with which OAB merged in 1994.
Since then, we have been building on our commitment to provide our customers with a comprehensive suite of innovative retail banking, corporate and project finance, and trade finance solutions.
Our aim is to pave the way for the future of banking in Oman. Our focus has been on enhancing the customers’ experience across all customer touch-points and our state-of-the-art Omni channel banking experience.
In 2020, we completed the acquisition of Alizz Islamic Bank (AIB) merging our Islamic banking window with AIB. As of the 6th of July, 2020, Oman Arab Bank became a publicly listed company, with its shares listed in Muscat Securities Market (MSM). This marked the beginning of a new phase of our success story.
We are continuously fostering a high performance and values-based culture and investing in our local talent to develop a strong pipeline of future leaders.
We look forward to maintaining our position as the bank of choice by continuing to make a positive impact in our communities.
Today, Oman Arab Bank Group operates a nationwide network of 49 branches and 145 ATMs in high footfall locations across Oman.
The shareholders at Oman Arab Bank SAOG are:
- Arab Bank Plc: 49%
- Oman International Development & Investment Company SAOG (OMINVEST): 31.63%
- Others (individuals and corporates): 19.37%
As of December 2021 the Group’s total assets stood at RO 3.4 billion (USD 8.92 billion) and net worth of RO 524 million (USD 1.36 billion).