OMAN ARAB BANK SUCCESSFULLY COMPLETES RIGHTS ISSUE, RAISING OMR 50 MILLION

OMAN ARAB BANK SUCCESSFULLY COMPLETES RIGHTS ISSUE, RAISING OMR 50 MILLION

 

27 September 2025: Muscat, Oman:  Oman Arab Bank SAOG (“OAB” or “the Bank”) is pleased to announce the successful completion of its rights issue, through which 333,333,333 new shares were issued. Following this transaction, the Bank’s paid-up capital now stands at OMR 216,941,000, reflecting an increase of OMR 50 million.

 

This milestone reflects the strong confidence and trust of OAB’s shareholders in the Bank’s strategy, financial strength, and future growth prospects. The proceeds from the rights issue will further strengthen the Bank’s capital base, enabling it to accelerate its strategic initiatives, enhance digital capabilities, and continue supporting the economic development of the Sultanate of Oman.

 

Commenting on the achievement, Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, said: “We are deeply grateful to our esteemed shareholders for their unwavering trust and commitment, which have been clearly demonstrated through the successful completion of this rights issue. This capital increase marks an important step in OAB’s growth journey, reinforcing our ability to deliver long-term value to shareholders while driving innovation and supporting Oman’s Vision 2040. At Oman Arab Bank, we remain committed to providing best-in-class financial solutions, enhancing customer experience, and playing an active role in building a stronger and more sustainable economy.”

 

The Bank extends its sincere appreciation to all stakeholders, regulators, and partners for their continued support in the successful completion of this important milestone.