OAB Signs Strategic MoU with United Finance to Enhance Customer-Centric Financial Services

 

Oman Arab Bank (OAB) has signed a Memorandum of Understanding (MoU) with United Finance Company (UFC), marking a strategic collaboration aimed at advancing customer-centric financial solutions through the adoption of the e-Mandate facility. The agreement was signed during an official ceremony between Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, and Mr. Nasser Salim Al Rashdi, Chief Executive Officer of United Finance Company.

 

The partnership reflects a shared ambition to simplify financial processes and elevate the customer experience by enabling secure, automated payment solutions. By leveraging the e-Mandate framework, both institutions will work together to introduce more efficient and transparent mechanisms for managing recurring payments, empowering customers with greater control and convenience in meeting their financial commitments.

 

This collaboration builds on Oman Arab Bank’s broader digital transformation journey, which focuses on strengthening financial infrastructure and expanding the scope of smart banking services across the Sultanate of Oman. Through partnerships that prioritise innovation and operational efficiency, the Bank continues to drive meaningful enhancements in how customers interact with financial services, while supporting the evolving needs of both individuals and businesses.

 

Commenting on the partnership, Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, said, “Our partnership with United Finance reflects our ongoing commitment to building meaningful collaborations that deliver practical value to our customers. By enabling the e-Mandate facility, we are not only simplifying payment processes, but also creating a more seamless and connected digital experience. This initiative reinforces our vision of developing a financial ecosystem that is responsive, efficient, and centred around customer needs.”

 

The MoU serves as a reflection of the current intentions of both Oman Arab Bank and United Finance Company to collaborate on innovative financial solutions. It underscores a joint commitment to digital enablement and customer-focused innovation, responding to the growing demand for secure, automated, and integrated financial services in Oman.

 

 

Oman Arab Bank Hosts Media Briefing to Mark Successful Listing of US$400 Million AT1 Bond on London Stock Exchange

 

Oman Arab Bank hosted a media briefing to mark the successful listing of its US$400 million Additional Tier 1 (AT1) bond on the London Stock Exchange on 2 June 2026, highlighting a significant milestone in the Bank’s capital management journey and reaffirming its strong position within regional and international financial markets. The event brought together representatives from local media and key stakeholders, providing insights into the transaction, its strategic importance, and the strong investor confidence demonstrated throughout the issuance process.

The AT1 bond, structured as a perpetual non-call 5.5-year instrument with a fixed resettable coupon of 6.75 percent, was successfully issued amid heightened geopolitical tensions and challenging market conditions across global capital markets. Despite the prevailing volatility, the transaction attracted substantial investor interest, generating an orderbook exceeding US$1.1 billion and achieving an oversubscription of approximately 2.75 times. During the briefing, Oman Arab Bank highlighted how the transaction supports the Bank’s long-term capital optimization strategy while further strengthening its capital position and enhancing financial flexibility to support future growth objectives.

The Bank also noted that the issuance achieved pricing at 6.75 percent, approximately 50 basis points tighter than the initial pricing guidance, reflecting strong confidence from regional and international investors in Oman Arab Bank’s credit fundamentals, financial resilience, strategic direction, and the overall strength of the Omani economy. The successful listing on the London Stock Exchange further expands the Bank’s presence within international capital markets and reinforces its ability to access diversified funding sources while maintaining prudent capital management practices.

Speaking during the press conference, Sulaiman Al Harthi, CEO of Oman Arab Bank, said: “The successful completion and listing of this AT1 issuance represents a major milestone for Oman Arab Bank. Achieving such strong demand from regional and international investors, particularly amid challenging market conditions, reflects the confidence the investment community places in the Bank’s strategy, governance, financial resilience, and long-term vision.”

He added: “This transaction was not only about raising capital. It was a strategic step aligned with our long-term capital optimisation plans and our ambition to further strengthen Oman Arab Bank’s regional and international market positioning. The successful listing on the London Stock Exchange places OAB among a select group of regional financial institutions accessing global capital markets with confidence and credibility.

 

“I want to express my sincere gratitude to a number of people. To our shareholders — Arab Bank Group and Ominvest — whose strategic support and confidence in OAB has been unwavering. This transaction would not have been possible without the credibility that comes from having shareholders of their quality. To our customers and partners, whose loyalty and trust are the foundation of everything we do. To the Central Bank of Oman, whose regulatory framework provides the stability that makes transactions of this kind possible. To the Financial Services Authority, whose guidance and support were instrumental in the successful completion of this issuance. To our joint lead managers — Abu Dhabi Commercial Bank, Arab Bank, Arqam Capital, Citigroup, Emirates NBD, First Abu Dhabi Bank, Kamco, Oman Investment Bank, Standard Chartered and Ubhar Capital — for their professionalism and commitment throughout this process.”

The transaction attracted participation from a broad and diversified investor base across regional and international markets, underscoring continued confidence in the Bank’s long-term prospects and its ability to navigate evolving market conditions successfully. Through initiatives such as this, Oman Arab Bank continues to strengthen its position as a leading financial institution in the Sultanate of Oman, committed to supporting sustainable growth, delivering long-term value to stakeholders, and contributing to the continued development of the national financial sector.

 

 

 

Zahra Abdulamir Recognized for Leadership in Financial Risk Management at Al Mara’a Awards 2026

 

 

Muscat. 3 June, 2026. In recognition of her role in enhancing financial risk management practices, Ms. Zahra Abdulamir, Chief Risk Officer at Oman Arab Bank, was honored with the “Woman Leader in Financial Risk Management Award” during the 15th Annual Al Mara’a Summit & Awards 2026, held in Muscat under the theme “Women’s Leadership: Driving the Economy of the Future.

The recognition highlights Zahra Abdulamir’s significant contribution to strengthening risk governance frameworks and advancing proactive risk management practices within the Bank. Through her leadership, Oman Arab Bank continues to reinforce institutional resilience, align risk management with strategic growth ambitions, and maintain strong governance standards in an evolving financial landscape.

 

As Chief Risk Officer, Zahra Abdulamir oversees the Bank’s comprehensive risk management framework across credit, market, operational, and strategic risk areas. She has played a key role in embedding forward-looking risk analysis methodologies and stress testing practices into decision-making processes, supporting sustainable growth and long-term institutional stability.

 

The award reflects Oman Arab Bank’s ongoing commitment to empowering leadership talent and fostering a culture of excellence, innovation, and responsible governance across all areas of the organization. It also reinforces the Bank’s dedication to supporting women leaders who continue to contribute meaningfully to the development of Oman’s banking and financial sector.

 

 

 

Sumaiya Al Riyami Honored with Woman Leader in Customer Experience Engagement Award

 

 Reflecting her commitment to innovation and excellence in customer engagement, Ms. Sumaiya Al Riyami, Head of Customer Experience at Oman Arab Bank, was honored with the “Woman Leader in Customer Experience Engagement Award” during the 15th Annual Al Mara’a Summit & Awards 2026.

 

The recognition reflects Sumaiya Al Riyami’s leadership in advancing customer-centric strategies and enhancing service excellence across the Bank’s operations and banking channels. Through her role, she continues to drive initiatives focused on strengthening customer engagement, improving customer journeys, and transforming customer insights into impactful strategic initiatives.

 

As Head of Customer Experience, Sumaiya Al Riyami plays a key role in embedding a culture that places customers at the center of the Bank’s strategic priorities. She has contributed significantly to the development of customer experience governance frameworks and cross-functional collaboration efforts that support the delivery of seamless and innovative banking experiences.

 

Her leadership reflects a strong commitment to institutional transformation, service innovation, and building long-term customer trust through meaningful and sustainable engagement. The award further reinforces Oman Arab Bank’s ongoing commitment to enhancing customer experience standards and empowering leaders who contribute to delivering excellence across the organization.

 

 

 

Oman Arab Bank Hosts Media Briefing to Mark Successful Listing of US$400 Million AT1 Bond on London Stock Exchange

 

Oman Arab Bank hosted a media briefing to mark the successful listing of its US$400 million Additional Tier 1 (AT1) bond on the London Stock Exchange on 2 June 2026, highlighting a significant milestone in the Bank’s capital management journey and reaffirming its strong position within regional and international financial markets. The event brought together representatives from local media and key stakeholders, providing insights into the transaction, its strategic importance, and the strong investor confidence demonstrated throughout the issuance process.

The AT1 bond, structured as a perpetual non-call 5.5-year instrument with a fixed resettable coupon of 6.75 percent, was successfully issued amid heightened geopolitical tensions and challenging market conditions across global capital markets. Despite the prevailing volatility, the transaction attracted substantial investor interest, generating an orderbook exceeding US$1.1 billion and achieving an oversubscription of approximately 2.75 times. During the briefing, Oman Arab Bank highlighted how the transaction supports the Bank’s long-term capital optimization strategy while further strengthening its capital position and enhancing financial flexibility to support future growth objectives.

The Bank also noted that the issuance achieved pricing at 6.75 percent, approximately 50 basis points tighter than the initial pricing guidance, reflecting strong confidence from regional and international investors in Oman Arab Bank’s credit fundamentals, financial resilience, strategic direction, and the overall strength of the Omani economy. The successful listing on the London Stock Exchange further expands the Bank’s presence within international capital markets and reinforces its ability to access diversified funding sources while maintaining prudent capital management practices.

Speaking during the press conference, Sulaiman Al Harthi, CEO of Oman Arab Bank, said: “The successful completion and listing of this AT1 issuance represents a major milestone for Oman Arab Bank. Achieving such strong demand from regional and international investors, particularly amid challenging market conditions, reflects the confidence the investment community places in the Bank’s strategy, governance, financial resilience, and long-term vision.”

He added: “This transaction was not only about raising capital. It was a strategic step aligned with our long-term capital optimisation plans and our ambition to further strengthen Oman Arab Bank’s regional and international market positioning. The successful listing on the London Stock Exchange places OAB among a select group of regional financial institutions accessing global capital markets with confidence and credibility.

 

“I want to express my sincere gratitude to a number of people. To our shareholders — Arab Bank Group and Ominvest — whose strategic support and confidence in OAB has been unwavering. This transaction would not have been possible without the credibility that comes from having shareholders of their quality. To our customers and partners, whose loyalty and trust are the foundation of everything we do. To the Central Bank of Oman, whose regulatory framework provides the stability that makes transactions of this kind possible. To the Financial Services Authority, whose guidance and support were instrumental in the successful completion of this issuance. To our joint lead managers — Abu Dhabi Commercial Bank, Arab Bank, Arqam Capital, Citigroup, Emirates NBD, First Abu Dhabi Bank, Kamco, Oman Investment Bank, Standard Chartered and Ubhar Capital — for their professionalism and commitment throughout this process.”

The transaction attracted participation from a broad and diversified investor base across regional and international markets, underscoring continued confidence in the Bank’s long-term prospects and its ability to navigate evolving market conditions successfully. Through initiatives such as this, Oman Arab Bank continues to strengthen its position as a leading financial institution in the Sultanate of Oman, committed to supporting sustainable growth, delivering long-term value to stakeholders, and contributing to the continued development of the national financial sector.

 

 

 

Dalal Al Rahma Honored with Woman Leader in Innovative Marketing and Communication Award

In recognition of her outstanding contributions and pioneering role, Ms. Dalal Al Rahma, Acting Head of Corporate Communications at Oman Arab Bank, was honored with the “Woman Leader in Innovative Marketing and Communication Award” during the 15th Annual Al Mara’a Summit & Awards 2026.

 

The recognition reflects Dalal Al Rahma’s impactful leadership in advancing strategic communication and innovative marketing initiatives that continue to strengthen the Bank’s institutional presence and deepen engagement with stakeholders, customers, and the wider community.

 

In her role, Dalal Al Rahma leads Oman Arab Bank’s corporate communication and marketing strategy, overseeing key areas including media relations, digital marketing, brand experience, events, and corporate social responsibility initiatives. She has played a significant role in aligning the Bank’s communication approach with its strategic priorities while fostering meaningful and purpose-driven engagement across various platforms.

 

Her leadership has contributed to the development of modern corporate communication frameworks and impactful storytelling approaches that reinforce Oman Arab Bank’s position as an innovative and community-focused financial institution. The award further reflects the Bank’s commitment to empowering leaders who drive institutional impact through creativity, strategic thinking, and sustainable communication practices.

 

OAB Honoured for Leadership and Workforce Transformation at OER Business Summit

Oman Arab Bank (OAB) has been recognised with two prestigious accolades at the OER Business Summit 2026, reinforcing its position as a forward-looking institution shaping the future of banking in the Sultanate. The bank was awarded the OER Award for Leadership in Banking & Financial Services and the OER HR Award for Workforce Transformation in Financial Services, marking a significant milestone in its growth journey.

 

The OER Business Summit is widely regarded as one of Oman’s leading platforms for dialogue on economic progress and sectoral innovation. Bringing together senior leaders, policymakers, and industry experts, the summit highlights organisations that are not only delivering strong performance but also contributing meaningfully to national development priorities. OAB’s recognition reflects its continued alignment with these ambitions, particularly in advancing innovation and building resilient, future-ready institutions.

 

The dual awards underscore the bank’s balanced approach to growth, where financial performance is matched by a deep commitment to people and culture. Through ongoing investments in digital capabilities, customer-centric solutions, and talent development, OAB has been steadily evolving its operating model to meet the changing expectations of customers and the wider market. This integrated strategy has enabled the bank to strengthen its market position while fostering an environment that empowers its workforce to thrive.

 

Commenting on the achievement, Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, said: “This recognition reflects the direction we have chosen as a bank. We believe that sustainable success comes from combining strong business performance with a genuine investment in people. These awards are a reflection of what we have achieved, embodying the mindset we continue to pursue across the organisation. A mindset that embraces innovation, values collaboration, and remains focused on delivering meaningful impact for our customers and the communities we serve.”

As Oman continues its journey towards economic diversification under Vision 2040, OAB remains committed to playing an active role in shaping a more dynamic and inclusive financial sector. The recognition at the OER Business Summit 2026 further reinforces the bank’s ambition to drive progress through innovation, strengthen its human capital, and contribute to the long-term development of the Sultanate.

 

OAB Connects with Aspiring Professionals at Sultan Qaboos University Career Fair

Oman Arab Bank (OAB) marked a strong presence at the Career Fair hosted by Sultan Qaboos University, reinforcing its commitment to engaging with the next generation of talent and contributing to the development of Oman’s future workforce. Held from 13th to 15th April 2026, the event brought together leading organizations and ambitious students under one platform designed to foster meaningful connections and career exploration.

 

The Bank’s participation commenced with the official opening ceremony at 9:30 AM, held in the presence of the Guest of Honour, His Excellency Saeed bin Abdullah Al Balushi, Undersecretary of the Ministry of Labour. The ceremony set the tone for three days of dynamic engagement, highlighting the importance of collaboration between academic institutions and the private sector in shaping career pathways.

 

Oman Arab Bank welcomed a steady flow of students and graduates throughout the event. Visitors had the opportunity to interact directly with the Bank’s team, gaining insights into the evolving banking landscape, available career opportunities, and the skills required to thrive in a competitive professional environment. The conversations extended beyond recruitment, focusing on guidance, mentorship, and real-world perspectives.

 

OAB’s presence at the fair reflects its broader approach to human capital development, where building relationships with young talent is seen as a long-term investment. By creating accessible platforms for dialogue, the Bank continues to support individuals at the early stages of their careers, encouraging them to explore their potential and align their ambitions with meaningful opportunities.

 

Through its participation in initiatives such as the SQU Career Fair, Oman Arab Bank reaffirms its role as a forward-looking institution that values people, knowledge, and growth. As the event concluded, the Bank’s engagement stood as a testament to its ongoing efforts to empower the next generation and contribute to a sustainable and inclusive future for Oman.

 

Oman Arab Bank Hosts Swiss Ambassador to Celebrate Five Decades of Swiss Contribution in Oman

Oman Arab Bank hosted His Excellency Dr. Thomas Oertle, Ambassador of the Swiss Confederation to the Sultanate of Oman, for an official meeting at the Bank’s headquarters in Muscat. The meeting was held in the presence of Mr. Sulaiman Al Harthi, Chief Executive Officer of Oman Arab Bank, and formed part of a broader initiative to strengthen institutional ties and deepen bilateral cooperation between Oman’s financial sector and the Swiss business community. Mr Lateef Shahdad, Board Member of OSFA (Oman Switzerland Friendship Association) & General Manager of Mass International, Official Schindler Distributor was also present during this facilitation.

The occasion marked a symbolic recognition of the longstanding relationship between Oman Arab Bank and Swiss companies operating in the Sultanate, highlighting their sustained contribution to Oman’s economic development for nearly 50 years. The meeting reflected a shared appreciation for the role Swiss enterprises have played in supporting the infrastructure and the Omani industry, further highlighting the two nations’ innovation, and long-term economic diversification.

 

Discussions during the meeting focused on areas of mutual interest, including financial cooperation, investment opportunities, and the importance of fostering partnerships that support sustainable growth and knowledge exchange. The engagement also reaffirmed the importance of cross-border collaboration between financial institutions and international stakeholders in enabling resilient and future-focused economic ecosystems.

 

This meeting underscores Oman Arab Bank’s commitment to building meaningful international partnerships that go beyond commercial engagement, grounded in shared values, trust, and long-term strategic vision. By recognizing the historical presence and impact of Swiss companies in Oman, the Bank continues to position itself as a bridge between global institutions and national development priorities, supporting the Sultanate’s ambition for inclusive and sustainable economic progress.

 

 

Oman Arab Bank Hosts Awareness Session on Oman’s 2026 State Budget with KPMG

 

Oman Arab Bank (OAB) recently organized an exclusive awareness session, in collaboration with KPMG, focusing on the key priorities and implications of Oman’s State Budget 2026. Designed specifically for OAB’s corporate clients, the session provided practical insights into fiscal direction, economic priorities, and the potential impact on Oman’s business environment. Participants also benefited from forward-looking economic and financial perspectives, supporting informed planning and strategic decision-making.

The session featured active discussion and exchange between business leaders, industry experts, and financial professionals, creating a platform for dialogue around opportunities emerging from the 2026 budget.

During the session, KPMG, a global leader in financial and economic advisory services, presented an overview of the State Budget, highlighting key trends and developments relevant to businesses and investors. The presentation outlined improvements in Oman’s economic indicators, including sustained growth momentum, reduced public debt levels, and strengthened credit ratings, reflecting continued fiscal discipline and reform.

The analysis also emphasized the government’s focus on economic diversification and private sector participation, with particular attention to sustainability-driven initiatives such as green hydrogen. In addition, several sectors are expected to benefit from increased public spending, local content initiatives, and the implementation of strategic national projects, creating opportunities across a range of industries.

Commenting on the session, Sulaiman Al Hinai, Chief Wholesale Banking Officer at Oman Arab Bank, said, “This session reflects OAB’s commitment to supporting our corporate clients with timely insights that help them navigate economic developments and identify opportunities for sustainable growth. By fostering informed dialogue, we aim to support our clients in making confident and forward-looking business decisions.”

The session forms part of OAB’s broader efforts to support Oman’s economic diversification agenda by connecting businesses and investors with emerging opportunities and reinforcing the role of the private sector, particularly small and medium-sized enterprises, in driving long-term economic growth.